OREANDA-NEWS. March 31, 2008. Antimonopoly Committee of Ukraine permits Ucomline Holding Limited (Cyprus) owned by SCM (System Capital Management) Limited (Cyprus) to buy over 50% of authorized stock of DCS Telecommunications Company (Odessa), reported the press-centre of SCM.

At the moment, SCM Group owns 24% of DCS. Once all sale formalities are completed, DCS will become a part of Farlep-Optima Telecom Group. The deal is expected to be finalized within next two months.

Chairman of Supervisory Board of Farlep Invest and Director of Business Development at SCM Ilya Arkhipov said: “We are absolutely sure the new enterprise will successfully integrate in the telecommunication holding Farlep-Optima Telecom. In turn, this will help us improve position of telecommunication businesses of SCM in Ukraine's fixed line market”. 

”We are expanding geography of our business in line with Farlep-Optima Telecom development strategy as well as working to improve our position in the regions of presence. Firstly, through expanding the product line and consistently improving the quality of communication services. Integration of DCS into our telecommunication group will help us achieve set goals as efficiently as possible and accomplish the tasks we are facing, added CEO of Farlep-Optima Telecom Holding Stan Abbeloos.