Business news from Ukraine

Business news from Ukraine

UKRTELECOM SEEKS TO INVEST $50 MLN IN MODERNIZATION BY LATE 2016

14 July , 2016  

KYIV. July 14 (Interfax-Ukraine) – Public joint-stock company Ukrtelecom seeks to invest up to $50 million in the fixed telecommunications network modernization by late 2016 using the credit line of China Development Bank.

The press service of Ukrtelecom reported on Wednesday the company has ordered 389 Huawei active junction boxes that would replace 46 old automatic telephone systems and will service around 170,000 subscribers.

The equipment will ensure provision of Internet access services to subscribers at the speed of up to 20 megabit per second using ADSL technology, up to 50 megabit per second using VDSL technology and up to 1 gigabit per second using GPON technology. The new infrastructure of Ukrtelecom would allow Smart City services in the future.

Similar Huawei boxes are servicing 12,500 subscribers in Odesa. They were installed instead of three old automatic telephone systems during a pilot modernization project.

Ukrtelecom is the largest fixed-line communications operator in Ukraine. Its ultimate owner is Rinat Akhmetov’s SCM Group.