Anti-Monopoly Investigation into Ukrainian Mobile Market

Published on: 1st Jan 1970: 1:33am

Ukraine's Anti-Monopoly Committee has started an investigation into Russia's Altimo Holdings after it reportedly failed to supply requested information about the scope of its investments in the country.

"Such illegal acts of Altimo hamper the committee from completing its review" of an earlier decision allowing Telenor and Alfa - which controls Altimo Holdings - to merge their Ukrainian assets in new mobile operator VimpelCom, the Kiev-based regulator said in a statement.

The Committee has also started looking at Crown Finance Foundation and CTF Holdings, which are also part of Alfa Group, after they took control of Astelit, Ukraine's third-largest mobile operator, apparently without the regulator's permission.

In the statement, the AMC said that it worries that there is a concentration in the Ukrainian mobile communications market in the hands of one operator, and that this is already leading to higher prices for consumers.

On the web: AMC

 

Tags: [altimo]  [telenor]  [alfa]  [amc]  [amc]  [Ukraine]