KIEV, Jan. 24 - UkrTelekom, Ukraine's national phone company, said it will invest $700 mln, seeking to win a third of the country??™s cell phone market by 2010, the company's deputy chief executive Igor Syrotenko said.

The expansion, through development of state-of-the-art 3G cell phone network, is supposed to make UkrTelekom more attractive among investors when the government sells the company next year.