05-07-2009

Cyprus-owned station fined

By FNE Staff
Volia Cable, a Kiev-based analog TV company, has been fined by Ukraine's Antimonopoly Committee.

The Volia group includes Kyiv Telecommunications Networks, which is 100% owned by Aquorn Holding Company of Cyprus.

Volia was fined for monopoly abuse and ordered to reduce its rates to " economically justified" rates within two months, according to the Kyiv Post.

Kyiv Telecommunications Networks was fined 95,000 Euros.