KIEV, Oct. 1 – The State Property Fund has started preparing to hold an open auction-style tender to sell the state’s 92.79% stake in telecoms giant OJSC Ukrtelecom, the SPF reported in an official announcement in the government's Vidomosti Pryvatyzatsii privatization bulletin on Friday.

"The State Property Fund of Ukraine proposes that potential buyers participate in the development of the conditions of sale of the stockholding of the said company at a tender," reads the announcement.