Market Analysis

financial situation, apparently, did not yet allow the state enterprise to pay dividends for 2007

As the press-secretary FGI Nina Yavorskaya, at the request of the representatives of Ukrtelecom hearing on the payment of dividends to the State monopoly in the Economic Court of Kiev was postponed a second time on March 30, 2010

As written "EI", December 17, 2009 in Hozsude capital held its first hearing on a lawsuit against FGI Ukrtelecom. State Board required the operator, in which the state owns 92,86% of shares, pay dividends for 2007 This is the sum of 74 million UAH. On the claim to FGI Ukrtelecom became known in August of last year.

In December 2009, the first time, it was decided to defer consideration of the case at the end of January 2010, and the reason for this, according to Mrs. Yavorskaya, was the statement of representatives of Ukrtelecom"s willingness to repay. As clarified yesterday, Nina Yavorskaya, representatives of the JSC do not abandon their promises, and asked for a delay to resolve the problematic issues.

can assume that Ukrtelecom was hard at the end of last year to accumulate the necessary amount of money to pay the state on behalf of MFI due to financial difficulties. Note that the JSC last year and early this year had to pay part of $ 500 million loan to Deutsche Bank and Credit Suisse.

As noted by BG Capital analyst Alexander Couple, payments are usually in the first and third quarters. According to Mr. Paraschiya, the operator began to pay the debt in late 2008 - $ 56 million for six months. Already have been held three payments: one - in 2008, and two - in 2009

In addition, in late 2009 between Ukrtelecom and three mobile operators ( "Kyivstar, MTS and Ukrainian Radio Systems (TM Beeline)) signed a treaty on the interconnect. This means that gosoperator mobilschikam obliged to pay the debts included in their fixed-line network traffic. Note that the volume of voice traffic to mobile networks JSC in 2008 amounted to 1,153 million minutes. In the past year, as expected, this figure dropped slightly.

If there is reason to believe that a large financial burden on the affected accounts monopoly connection last year. As recently reported "i" first deputy head of the State Administration of communication Vladimir Smolyar, according to preliminary data, Ukrtelecom for last year show a loss. Of losses, Mr. Smolar not specified.

Recall that in 2008 gosoperator finished with a huge net loss, has exceeded 1,5 billion UAH. Then on the indices greatly affected the sharp weakening of the hryvnia currency and the conversion of debt state monopolies on the new rate.

At the same time, all said that the State Property Fund of Ukraine will be enough to insist on Ukrtelecom transfer money to their accounts. This not only pushes the officials made only 9,2% (785 million UAH.) Plan for privatization.

Relatively weak today, the paper looks electricity companies actively rise in price in recent days
Sukhoi began flight tests of prototype aircraft system of the fifth generation
People and companies
Opponents of development of Kyiv dokrichalis to the government
Forex - Asia
Technical analysis of the MICEX Index: the index fluctuates around the level of 1400 points after his breakdown.
Recommendations on the shares of Gazprom, Lukoil, Rosneft, Surgutneftegaz and VTB
Better the market shares now look Uralsvyazinform (0.5%) and Gazprom (0,4%)
The end of trading on Russia"s market will be determined by external factors, namely: data on U.S. gross domestic product in the 4 th quarter 2009

Main News