Ukraine’s government approves 4G license sale

The Cabinet of Ministers of Ukraine decided to start a competition for selling licenses for frequencies of 4G network, OstroV’s correspondent reports.

"Today we will decide on a 4G competition, a new communication system, which is an important infrastructure for our economic growth. We expect that the public and competitive sale would allow attracting money to the budget, but the main thing is that the new communications system will be created, which is important infrastructure for economic growth", - Ukrainian Prime Minister Volodymyr Groysman said at a government meeting in Kyiv on Wednesday.

The starting price of licenses for the launch of a 4G network in Ukraine is estimated at $244 million.