SCM will hold 92.79% of stake
AMC decision regarding authorization for purchase of "Ukrtelecom" by SCM will be ready in a month, the first deputy chairman of the AMC Rafael Kuzmin informed, according to RBC-Ukraine.
Agreement between SCM and EPIC on purchase of 92.79% of "Ukrtelecom" has been made in early June. SCM and EPIC signed purchase of 100% of stake of UA Telecominvest Limited (Cyprus), which includes corporate rights and 92.79% of shares of "Ukrtelecom".
Thus, SCM after receiving all necessary, including antitrust approvals will become the owner of UA Telecominvest Limited and gain control over 92.79% of shares of "Ukrtelecom"