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PeopleNet reduces the signal to the two areas

PJSC “TeleSystems of Ukraine” (TM PeopleNet, Kiev), a provider of mobile services with CDMA technology, in connection with the optimization of mobile network from may 1, 2017, reduces the coverage area to two regions – the Kharkiv and Dnipropetrovsk.

“In connection with the optimization of the mobile network (mobile) communication PEOPLEnet may 1, 2017 will change the coverage territory of the Kiev and Zaporozhye areas”, – reported in a press release.

On updated the coverage map on the company’s website lists only towns in Dnipropetrovsk and Kharkiv regions.

From October 15, 2016, the operator stopped the implementation of services in Poltava, Kherson and Donetsk regions and in Bila Tserkva.

As reported, Kyiv Economic court on may 27, 2015 filed the bankruptcy case “TeleSystems of Ukraine”, according to the statement of LLC “I. K. Initiative”. The reason for the suit became the accounts payable in the amount of 372,002 thousand UAH . However, the company in early June 2015, said about the illegality of institution of proceedings on bankruptcy and announced, continues working normally.

“TeleSystems of Ukraine” in 2015, reduced its net loss by 5%% compared to 2014 year – up to UAH 101 mln.

According to NSSMC, as of the end of the fourth quarter of 2014 shareholders of the operator were: three Panamanian company “Braceros properties”, “Grosul investments” and “Apilar Business” with shares 18,059% of the shares of 13.79% and of 18.08%, respectively, as well as the Ukrainian company “Forton” Ltd and “Elidor” with shares at 24,98% of the shares.

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