The value of all assets the largest operator of fixed telephony and Internet in Ukraine PJSC Ukrtelecom is UAH 11.2 billion. These data became known after an audit by the company PricewaterhouseCoopers audit of the consolidated financial statements of the company for the year 2015, the press service of the Ukrtelecom.

According to Ukrtelecom, at the end of 2014, the value of all assets of the company and its subsidiaries amounted to UAH 6.7 billion. But, according to the results of the assessment of fair value at the end of 2015, the fixed assets of the company were significantly dienen.

As a result of revaluation, the total net revaluation surplus of fixed assets for 2015 was 4.85 billion USD.

According to the Ukrtelecom, the fair value of the fixed assets of the company increased due to modernization, which also led to changes in approach in their evaluation.

“If the revaluation at the end of 2015, such assets were applied methods of the comparative assessment method. Based on the value of such assets on the open market or value of recent sales by the company of such assets,” – noted in the company.

It is noted that in 2015, Ukrtelecom began a comprehensive technical modernization of its telecommunications network, which planned to rebuild the network in 6 major cities of Ukraine and to expand the coverage of optical Internet access in rural areas.

“This project became possible thanks to the partnership with Huawei and China Development Bank, which in the first stage of modernization has opened the financial line for Ukrtelecom in the amount of $50 million By the end of 2018 technical modernization of the networks will cover the territory in which there are up to 30% of households of Ukraine”, – is told in the message.

Help. PJSC Ukrtelecom is the largest fixed line operator in Ukraine, the leader among Internet service providers. Ukrtelecom is the single founder and member of Trimob LLC, a mobile operator 3G/UMTS.

Since 2013 the majority shareholder of Ukrtelecom SCM Group is.

Ukrtelecom has reported on the value of their assets 30.06.2016

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