You're reading: Ukrtelecom plans to invest Hr 135.4 million on equipment in 2012

Ukrtelecom plans to invest over Hr 135.4 million on upgrading equipment in 2012, the Ukrainian telecommunications company said in its 2011 report published by the National Commission for Securities and the Stock Market.

"The draft investment target for updating equipment in 2012 envisages capital investment of Hr 135.4 million," the document says.

Total investment for 2012 will be Hr 888.5 million, including Hr 786 million on payments for the investment programs started in previous years. Ukrtelecom plans to raise money for investment through loans and bond issues. The company does not plan to raise foreign investment in the next three years.

Ukrtelecom used investment of Hr 1.066 billion in 2011.