You're reading: Bloomberg: Ukrtelecom set to sell its mobile business

VAT Ukrtelecom, the biggest provider of fixed phone lines in Ukraine, will sell its mobile business, Interfax-Ukraine news agency reported, citing a decision of the company’s shareholders. The Kiev-based company will invest proceeds from the mobile service sale into broadband internet development, according to Interfax. Ukrtelecom’s supervisory board will consider the shareholders’ decision, the news agency said. Read more.