OREANDA-NEWS. February 21, 2011. EPIC, a Vienna based investment house, has confirmed officially its consent to purchase a 92.8% stake in Uktelecom, Ukraine’s largest land-line operator, the SPF announced Feb 18. The fund projects the closure of the deal by Feb 25.

Millennium Capital: the news is POSITIVE for Ukrtelecom. The official consent of EPIC means the chances of the incumbent going private rise to close to 100 percent, in our view. Besides the SPF expects the purchase contract to be concluded by Feb 25 which should give a lift for the share price of the company in the coming weeks.