OREANDA-NEWS. January 28, 2011. NKRZ, the commission for communications regulation in Ukraine, has delayed the 15% increase for local calls tariff, one of Ukraine’s major newspaper The Delo announced Jan 27. The commission intends to analyze the telecom market in Ukraine in 2010 and justify the decision to raise prices. In return, Ukrtelecom along with Vega, sent a request for NKRZ to raise tariffs.

Millennium Capital: the news is NEGATIVE for UTLM. The failure of NKRZ to implement anew tariff regime deprives Ukrtelecom of a chance to boost earnings. However, we believe it is highly likely that tariffs for local calls will be eventually introduced in 2H2010.