Ukrtelekom
 |
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| Traded as | : UTLM |
|---|---|
| Industry | Telecommunications |
| Founded | 1991 |
| Headquarters | Kiev, Ukraine |
 UAH 6.8 billion (2015) |
|
 UAH 6.7 billion (2010) |
|
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Number of employees
|
123,102 (2006) |
| Parent | System Capital Management |
| Subsidiaries | Utel |
| Website | www.ukrtelecom.ua |
Ukrtelecom JSC (Ukrainian: Укртелеком) ( UTLM) is Ukraine's monopolist telephone company, also active in Internet service providing and mobile markets. The company was governed by the Ministry of Transportation and Communications of Ukraine with 92.9% shares belong to government until Austrian investment firm EPIC bought a 92.79 percent stake in Ukraine's main fixed-line operator Ukrtelecom UTLM.PFT from the Ukrainian government for $1.3 billion. Ukrtelecom participates in ITUR, TEL/ТАЕ, and BSFOCS international cable systems. Until 1994, the company was known as Ukrelectrozvyazok (Ukrainian: Укрелектрозв'язок).
The company was created from the Soviet network of communication only in 1993, however, the network itself came under the jurisdiction of the Ministry of Communications in 1991 after the dissolution of the Soviet Union. According to the company's history, the phone-telegraph communication network in Ukraine prior to 1991 was only sixth within the Soviet Union and was noticeably backward. All communications outside the Soviet Union was conducted through the Moscow's headquarters. In 1991 there were 7,630 thousands numbers listed, averaging 14.6 numbers for 100 residents.
In 1993 the government confirmed the complex program for creation the single national system of communication in Ukraine. For the purpose of more effective managing of the industry it was fully reorganized. Based on the government enterprises two main industrial unions were created: Ukrposhta and Ukrelektrozviazok. The latter was changed in 1994 to Ukrtelekom.
Ukrtelekom upon its creation consisted of seven enterprises and organizations: Ukrtek (Ukrainian enterprise of international and intercity communication and television), Kiev telegraph, Kiev city radio broadcasting network, Center of informational technologies, State Institutes "Ukrzviazokproekt", "Dniprozviazok", "Zakarpattelekom".
In January 1995 to Ukrtelekom were merged other 22 oblast networks as well as the Crimean republican and Sevastopol city communication enterprises. And by the end of the year "Ukrzviazoksuputnyk" was also added to the union. By January 1996 the union absorbed the last enterprise "Dniportelekom".
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Wikipedia