KIEV, March 7 - System Capital Management (SCM), the largest financial and industrial holding in Ukraine, plans to continue investing in the development of Astelit Ltd., the cell phone company that has been making major losses.

Astelit needs an injection of at least $200 million from its shareholders to offset losses as the company??™s expansion has not been as fast as had been earlier expected. Officials said the company may report profits only in early 2009.