Business news from Ukraine

UKRTELECOM WILL INVEST UAH 400 MLN IN IT INFRASTRUCTURE UPGRADING IN LVIV

17 November , 2016  

KYIV. Nov 17 (Interfax-Ukraine) – PJSC Ukrtelecom has started the technical modernization of its network in Lviv, in which it will invest UAH 400 million.

According to a company press release, as part of modernization the length of the optical network will be increased to 700 km. The company will also install 450 active modern stations instead of 36 obsolete automatic telephone stations.

The company said modernization will begin with the districts of Mayorivka, Novy Lviv and the central part of the city. When it is completed, about 160,000 subscribers in Lviv will get access to the Internet under the ADSL technology at a speed of 20 Mbps, high-speed VDSL Internet at a speed of up to 50 Mbps and the possibility of laying optical cable to the apartment or office that will provide Internet access of up to 1 Gbps.

Ukrtelecom is the largest fixed-line operator in the country. It promotes 3G mobile communications.

The ultimate owner of Ukrtelecom is SCM Group of businessman Rinat Akhmetov.