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Ukrtelecom

Ukrtelecom JSC ( PFTS: UTLM) is Ukraine's monopolist telephone company, also active in Internet service providing and mobile markets. The company was governed by the Ministry of Transportation and Communications of Ukraine with 92.9% shares belong to government until Austrian investment firm EPIC bought a 92.79 percent stake in Ukraine's main fixed-line operator Ukrtelecom UTLM.PFT from the Ukrainian government for $1.3 billion. Ukrtelecom participates in ITUR, TEL/ТАЕ, and BSFOCS international cable systems. Until 1994, the company was known as Ukrelectrozvyazok .