Ukrtelecom studying demand for sale of its property worth over UAH 1 bln

"As of August 16, 2016 the total starting price of the property offered for sale was UAH 194 million, while the total initial cost of property, the demand for which is being studied, is UAH 1.1 billion," he said. The company also plans to lease about 440 real estate objects throughout Ukraine. Ukrtelecom emphasized today the demand for buildings, in which automatic telephone systems are located, is being studied as they could be potentially freed due to Ukrtelecom modernization. "We cannot estimate the actual market value of real estate objects without studying the demand and generally be confident they will be in demand. The situation is aggravated by the fact that most of our buildings are used for technological purposes," he said. He said that in the first half of 2016 Ukrtelecom sold several unused facilities with a total value of up to UAH 9 million, while objects with a total cost of about UAH 75 million were sold in 2014-2015.