Reports indicate that the sale of five 1% stakes in Ukrtelecom will be completed by the end of May.
The reported move to sell five small stakes in the incumbent operator is the latest twist in the saga. Details of the process are due to be publicised on 28 March.
The move seems a cautious one, geared towards gauging the value of the operator, before any larger scale divestment at a later date.
Such a move is unlikely to attract major foreign parties, and will therefore not generate the significant investment needed by the operator and the Ukrainian government.
