KIEV, Feb. 6 - The Ukrainian government has approved a plan to place Ukrtelecom shares in a tender offering 67.79% of shares that will reduce the state stake in the company to 25% plus one share, said State Property Fund deputy head Dmytro Parfenenko.

"The stake of up to 5% offered on the market previously has been withdrawn from sale and included in the stake to be sold in the tender," Parfenenko told journalists on Wednesday following a Cabinet meeting at which the issue was discussed.