Ministry of Transportation and Communications of Ukraine
Ministry may refer to:
Government
* Ministry (collective executive), the complete body of government ministers under the leadership of a prime minister
* Ministry (government department), a department of a government
Religion
* Christian mi ...
with 92.9% shares belonging to the government until Austrian investment firm EPIC bought a 92.79 percent stake from the Ukrainian government for $1.3 billion. This stake was resold to
System Capital Management
System Capital Management or SCM ( uk, Систем Кепітал Менеджмент) is a major Ukrainian financial and industrial holding company established in 2000 in Donetsk in the east of the country and since 2014 headquartered in Kyi ...
of
Ukrainian oligarch
Ukrainian oligarchs (Ukrainian: українські олігархи, romanized: ukrayins'ki oliharkhy) are business oligarchs who emerged on the economic and political scene of Ukraine after the 1991 Ukrainian independence referendum. This peri ...
ITUR
ITUR (Italy - Turkey - Ukraine - Russia) is a submarine communications cable system linking the aforementioned countries.
It has landing points in:
#Palermo, Sicily, Italy
#Istanbul, Turkey
#Odessa, Ukraine
#Novorossiysk, Russia
References
htt ...
, TEL/ТАЕ, and
BSFOCS
The Black Sea Fiber-Optic Cable System (BSFOCS) is a submarine telecommunications cable system linking three countries bordering the Black Sea.Soviet Union. According to the company's history, the phone-telegraph communication network in Ukraine prior to 1991 was only sixth within the Soviet Union and was noticeably backward. All communications outside the Soviet Union was conducted through the Moscow's headquarters. In 1991 there were 7,630 thousands numbers listed, averaging 14.6 numbers for 100 residents.
In 1993, the government confirmed the complex program for creation the single national system of communication in Ukraine. For the purpose of more effective managing of the industry it was fully reorganized. Based on the government enterprises two main industrial unions were created: Ukrposhta and Ukrelektrozviazok. The latter was changed in 1994 to Ukrtelekom.
Ukrtelekom upon its creation consisted of seven enterprises and organizations: Ukrtek (Ukrainian enterprise of international and intercity communication and television), Kyiv telegraph, Kyiv city radio broadcasting network, Center of informational technologies, State Institutes "Ukrzviazokproekt", "Dniprozviazok", "Zakarpattelekom".
In January 1995 to
Ukrtelekom
Ukrtelecom JSC ( uk, Укртелеком) ( PFTS:br>UTLM is Ukraine's monopolist telephone company, also active in the ISP and mobile markets. The company was governed by the Ministry of Transportation and Communications of Ukraine with 92.9% ...
were merged other 22 oblast networks as well as the Crimean republican and Sevastopol city communication enterprises. And by the end of the year "Ukrzviazoksuputnyk" was also added to the union. By January 1996 the union absorbed the last enterprise "Dniportelekom".
The union, however, was not as effective as it was thought it should have been and in 1998 Ukrtelekom was restructured to form a single entity out of the union of some 35 state enterprises. By the end of 1999 all the enterprises were reformed into stock associates of the Ukrtelekom company.
In 2009, Ukrtelecom introduced a new logo for the first time of 18 years since 1991, and were at the same time changing its corporate identity. It was reported that the
rebranding
Rebranding is a marketing strategy in which a new name, term, symbol, design, concept or combination thereof is created for an established brand with the intention of developing a new, differentiated identity in the minds of consumers, investors ...
cost an estimated $100,000 and was ordered in Britain.
The Ukrainian government planned to privatize the company as early as March 2009. On October 12, 2010, the
first Azarov government
The first Azarov government ( uk, Перший уряд Миколи Азарова, Russian: Первое правительство Николая Азарова) was Ukraine's cabinet from (appointed on) March 11, 2010 till December 3, 2012 ( ...
announced the date and starting price for selling Ukrtelecom. Bidding took place on December 28, 2010, with the starting price of all government shares at ₴10.5 billion. Companies with over 25% of shares owned by government or government establishment were announced not eligible for the bidding. Also the companies whose market share in communications in the country exceeds 25% were announced non-eligible either.
The sole bidder at the auction was Ukrainian-registered ESU, a cellular network builder and subsidiary of EPIC Invest, an Austrian-based investment company, which offered to pay the starting price of ₴10.5 billion. ESU then sold this 92,79% stake in Ukrtelecom to
System Capital Management
System Capital Management or SCM ( uk, Систем Кепітал Менеджмент) is a major Ukrainian financial and industrial holding company established in 2000 in Donetsk in the east of the country and since 2014 headquartered in Kyi ...
of
Ukrainian oligarch
Ukrainian oligarchs (Ukrainian: українські олігархи, romanized: ukrayins'ki oliharkhy) are business oligarchs who emerged on the economic and political scene of Ukraine after the 1991 Ukrainian independence referendum. This peri ...
At their first annual general meeting, held on June 14, 2011, the new owners granted the
board
Board or Boards may refer to:
Flat surface
* Lumber, or other rigid material, milled or sawn flat
** Plank (wood)
** Cutting board
** Sounding board, of a musical instrument
* Cardboard (paper product)
* Paperboard
* Fiberboard
** Hardboard, a ty ...
the right to sell Utel, Ukrtelecom's mobile division, within a half year. The shareholders also reshuffled the supervisory board, installing their representatives, and increased board responsibilities.
2022 Russian invasion
Suring the
invasion of Ukraine
The territory of present-day Ukraine has been Invasion, invaded or Military occupation, occupied a number of times throughout History of Ukraine, its history.
List
See also
*List of invasions
*List of wars involving Ukraine
References
...
, Ukrtelecom lost an estimated 87% of Internet connectivity nationwide on March 28, 2022, due to Russian
cyberattack
A cyberattack is any offensive maneuver that targets computer information systems, computer networks, infrastructures, or personal computer devices. An attacker is a person or process that attempts to access data, functions, or other restricted ...
s. Ukrtelecom engineers regained control, and full service was restored 15 hours later. A smaller Ukrainian ISP, Triolan, had been attacked earlier in the month.
Leaders
* Alexander Barinov - Chairman of JSC "Ukrtelecom" 2014–present
* Yuri Kurmaz - Director of JSC "Ukrtelecom" 2014–present
* Leonid Netudykhata - Chairman of the supervisory board of JSC "Ukrtelecom" 2013–present
* Victor Sennikov - Director of the Kyiv city directorate JSC "Ukrtelecom" 2010–present
* Anatoly Mashirenko - Director of the Kyiv oblasnogo branch of JSC "Ukrtelecom" 2013–present
* Viktor Klimenko - Director of the Crimean branch of JSC "Ukrtelecom" 2007–present
* Stuart Paul Reich - Member of the supervisory board of JSC "Ukrtelecom" 2013–present
* Lyudmila Pavlenko - Member of the supervisory board of JSC "Ukrtelecom" 2013–present
* Catherine Lapshin - Member of the supervisory board of JSC "Ukrtelecom" 2014–present
* Ilya Arkhipov - Member of the supervisory board of JSC "Ukrtelecom" 2013–present