OREANDA-NEWS. On 9 October 2013 Sergey Shulga was appointed acting CEO of Farlep-Invest that manages Vega Telecom Group. He comes in place of Lasha Mikava earlier elected as Chairman of Ukrtelecom.

“As modern technologies advance, stability in the telecommunications industry is essential for the economic development of Ukraine. Vega has necessary prerequisites to implement its ambitious plans: expand the geography of operations and cement the position of a company with the best quality in telecom services,” says Sergey Shulga. “I believe that with the skilled team at Vega we can reach the objectives of providing a broad range of quality telecom services in a highly competitive marketplace.”

“During my tenure at the Group we have built a collective of skilled professionals. I am confident that the solid team established on the succession principle will deliver on the projects the company has in its portfolio today,” said Lasha Mikava. “Vega keeps the team of experienced experts able to realize the launched projects.”

Updated profiles of executives are available on Vega's website.

Vega Telecommunications Group is one of the largest fixed-line communication operators in Ukraine and a part of SCM Group's telecommunication business. Vega takes the leading position in the Ukrainian market of fixed line communication services, broadband access and data transmission. Vega has emerged in the Ukrainian telecom market after consolidation of the largest telecommunication groups of Ukraine: Farlep, Optima Telecom, Ucomline, CSS, IP Telecom, Matritsa, Vilcom and others. Today Vega provides services in 47 cities and towns in 20 regions of Ukraine. Farlep-Invest manages operations of Vega Telecommunications Group.

System Capital Management (SCM) is a professional investor, the management company of the biggest Ukrainian financial and industrial group focusing on mining and metals, energy and finance. The company also operates in other sectors including telecommunications, media, real estate, grocery retail, clay production, petroleum products retail, agriculture, pharmaceuticals retail, heavy engineering and transportation.