European partners to allocate $435 million to improve mobile communications - Fedorov

European partners to allocate $435 million to improve mobile communications - Fedorov

Kyiv  •  UNN

October 10 2024, 05:18 PM  •  7629 views

Lifecell and Datagroup-Volia will receive $435 million from European partners to restore the telecommunications sector. The funds will be used to purchase equipment to expand Internet coverage and improve mobile communications.

European partners will provide $435 million for lifecell LLC and Datagroup-Volia.  This was announced by Minister of Digital Transformation Mykhailo Fedorov, UNN reports. 

According to him, the funds will be used to restore the telecommunications sector, purchase new equipment to increase fixed and mobile Internet coverage in Ukraine, and improve mobile communications.

"Stable communication is an integral part of everyone's normal life. Despite the enemy's constant attempts to destroy the telecom network, Ukrainians should be able to call emergency services, communicate with their families, work and study online. Investments are now an important factor for the stable operation of communications," emphasized Fedorov.

He thanked the International Finance Corporation, the European Bank for Reconstruction and Development with the support of the European Commission and the French Government for understanding the importance of supporting the telecom sector.

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