Official rates of banking metals from national bank as of november 27
One troy ounce=31.10 grams
National bank of Ukraine’s official rates as of 27/11/19
Source: National Bank of Ukraine
26th of Nov Huawei invited the stakeholders from government, operators, and industry partners to attend the forum. On the forum Huawei and the industry partners shared the views and suggestions regarding digital transformation of Ukraine.
Huawei introduced the global experience regarding the universal coverage and the infrastructure sharing, and all the stakeholders warmly discussed the development plan in Ukraine. Huawei said they would work closely with the Ukrainian partners to develop industry ecosystems, and drive Ukraine’s social and economic development.
In the 2019 Global Connectivity Index recently published by Huawei, Ukraine ranks four places higher than last year. Its GCI score has increased by 12 points in the span of five years, an impressive achievement among the 79 countries surveyed. From 2015 to 2019, the mobile broadband penetration in Ukraine increased from 8% to 65%.
During the past 20 years, Huawei has established close partnerships with major carriers, and enterprises to drive joint ICT infrastructure construction across the country. In the past three years, Huawei, together with local operators, has helped Ukraine achieve leapfrog development from 2G to 4G, saving three to five years of construction time compared with other countries.
President of Ukraine Volodymyr Zelensky has said that by the end of this year the ambulance fleet in the country would be replenished with 500 new ones, and the goal is to ensure that from 2020 there is no such vehicles older than six years.
“Until the end of this year, we will buy 500 ambulances. The task for the next year is not to have a single ambulance vehicle that is older than six years,” he said in a video message to Ukrainians about the success, victories, plans and failures of the authorities over the week recorded during the president’s walk through the streets of Kyiv.
The transaction on the sale by MTS (Russia) to the Azerbaijani telecommunications company Bakcell of Vodafone Ukraine, the second largest mobile operator in the country, can be considered profitable, since MTS during 2010-2019 received $2.087 billion from this company, which is 5.5 times more than it invested.
This opinion was expressed by the head of the analytical department of Concorde Capital investment company, Oleksandr Paraschiy.
“MTS is one of the most successful investors in Ukraine. During 2003-2004 MTS bought a 100% stake in UMC (MTS-Ukraine, Vodafone Ukraine) for $378 million in cash. MTS has just sold the company for $734 million in cash (94% more than it bought it 15 years ago). During 2010-2017 the Ukrainian subsidiary of MTS paid (it is clear to whom) dividends totaling $1.353 billion (according to my estimates). So, we have: $378 million was invested in the company, $2.087 billion was received from the company during 2010-2019, or 5.5 times more than invested,” he wrote on his Facebook page.
According to Paraschiy, the average annual profit of MTS from investments in Ukraine during 2004-2019 amounted to 20%.
“The cost of the Ukrainian division of MTS under the agreement with Bakcell amounted to $848 million (according to MTS), which is 38% less than the conditional value of the Ukrainian division in the structure of MTS, ceteris paribus. The market will show whether it is a good deal for MTS or not. So far, the market is “inclined to believe” that the deal is good: MTS shares have risen slightly in price today. Perhaps one of the reasons for the growth is MTS’ promise to pay dividends to the shareholders from part of the money received from Bakcell,” he said.
The Norwegian company Scatec Solar has signed an agreement with the Dutch development bank FMO to sell it 40% in a project to build a solar power station with a capacity of 55 MW in Chyhyryn (Cherkasy region), Scatec Solar has reported. “We are pleased to announce this second equity co-investment with our long-term partner FMO. We are working with FMO as a debt and equity partner on a range of projects in Ukraine and internationally and we expect more cooperation in the years to come,” Raymond Carlsen, the CEO of Scatec Solar, said.
“After our first co-investment in the Kamianka solar plant, we are pleased to partner again with Scatec Solar. This second co-investment demonstrates to us the potential of renewable energy in Ukraine. Supporting Ukraine in transitioning to a low-carbon system, is aligned with our strategy to increase our green investments and mitigate climate change,” Linda Broekhuizen, Chief Investment Officer FMO, stated.
“The total investment for the project is estimated at EUR 54 million and is funded by non-recourse debt financing from the European Bank for Reconstruction and Development (EBRD), the Nordic Environment Finance Corporation (NEFCO) and Swedfund. FMO’s equity stake is financed by the Access to Energy Fund, which FMO manages on behalf of the Dutch government,” Scatec Solar said.
The construction of the solar power station in Chyhyryn began in mid-2019. Commercial operation is expected in mid-2020. It is estimated that the station will annually produce about 65 GWh of electricity.
