OREANDA-NEWS. On 12 August 2009 was announced, that the State Property Fund announced that it will sell 67.7% share of Ukrtelecom < UTLM UZ U/R > in December 2009. Earlier among the potential buyers of UTLM were Deutsche Telekom (Germany), Turkcell (Turkey) and Magyar Telekom (Hungary).

Millennium Capital regards the news to be NEUTRAL, since UTLM shares performance will be defined after the government announced its share price. Currently UTLM losses its value, since fixed telephony is of low demand nowadays.

Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of the major investment banking institutions.