Investments in Ukraine's Telecom Sector Up 34.5% on Yr in 2005

KIEV, April 10 (Prime-Tass) -- Capital investments in Ukraine?s telecommunications sector rose 34.5% on the year to 7.79 billion hryvnas in 2005, the State Communications Department said Monday.

Ukraine's Transportation and Communications Ministry said in late February that investments in the telecoms sector rose 24.1% on the year to 7.2 billion hryvnas in 2005.

The department said that mobile operators invested 5.275 billion hryvnas in 2005, up 51.6% on the year, while state-owned fixed-line monopoly Ukrtelecom invested about 2.3 billion hryvnas, up 10.6% on the year in 2005.

Ukrainian mobile operators accounted for 67.7% of the total investments in 2005 up from 60% in 2004, the department said, adding that Ukrtelecom accounted for 29.5% of the total investments, down from 35.9%.

(5.05 hryvnas - U.S. $1)

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Posted to the site on 10th April 2006