Business news from Ukraine


Ukrtelecom together with Iskratel, the Slovenian telecommunications company, and SID Bank, the Slovenian development bank, signed a new agreement on the development of fiber-optic Internet networks (GPON) in rural zone of Ukraine, Ukrtelecom said on Monday, Mach 23.
According to the company, the new project is designed for two years and includes more than 200 settlements in 13 regions of Ukraine. Total investments in the network construction project will amount to about UAH 200 million.
“The new project is the continuation of a long-term cooperation between Ukrtelecom and Iskratel in the development of high-speed optical access networks. Within its implementation, more than 2,000 kilometers of fiber-optic communication lines will be laid and modern switching equipment assembled in Slovenia at Iskratel production centers will be installed,” reads the statement.
According to Ukrtelecom, as a result of new network construction, hundreds of thousands people of the villages of Vinnytsia, Khmelnytsky, Dnipropetrovsk, Zaporizhia, Odesa, Poltava, Mykolaiv, Sumy, Rivne, Kherson, Kharkiv, Cherkasy and Luhansk regions will get access to the Internet at speeds to 1 Gbps, to digital interactive television and other services of the company. This type of connection will allow communities to implement the full range of digital services.
The project includes settlements in most of which it was previously not possible to connect to wire Internet.
“Ukrtelecom as a national infrastructure telecoms operator of Ukraine has a unique opportunity to involve European financial and production partners in programs to bridge the digital divide in Ukraine,” Yuriy Kurmaz, the director of the company, said.
At this stage, the construction of the network is conducted according to the plan, namely work has begun in Kharkiv region.
The company said that the situation with the coronavirus (COVID-19) pandemic did not affect the planned work.

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