Telecommunications--VOIP--Investment--Ukraine--Amitelo AG

The Swiss telecommunications group Amitelo AG intends to expand its presence in Eastern Europe and enter the Ukrainian and Latvian communications markets.

"Latvia and Ukraine will link up to the joint network first," Amitelo said in a release distributed in relation to the purchase of the British telephone company Panacall Ltd. by Amitelo's German subsidiary Amitelo Deutschland GmbH.

Amitelo made this purchase to expand its services, in particular IP- telephones, and strengthen its position on the markets of the Middle East and Asia, the release says...

There's more in the release. I don't know much about this market but if it can break the monopoly in Ukraine on calling prices, that's a good thing. Prices here for calling to the US vary from $.49 to $2 per minute. Skype of course if for free unless that is you have to pay so much per megabyte, which we do. But it is still cheaper.