Despite various setbacks in its economic development, from the early days of its independence Ukraine experiences steady growth in its telecommunications sector, which still reserves a high potential for its further development. Although the Ukrainian telecommunications market is not as developed as in Western economies and is unlikely to witness a significant change in its present participants, the Ukrainian government pursues certain measures aimed at regulating the telecommunications market and changing the regulatory framework in response to the growing need for more efficient regulation.
Currently, the regulatory framework for telecommunications sector is established by the Law of Ukraine "On Communications" of 16 May 1995 (the "Communications Law"), the Law of Ukraine "On Radio Frequency Resource" of 1 June 2000 (the "Radio Frequencies Law"), other legislative acts and acts of secondary legislation. Moreover, the Verkhovna Rada of Ukraine is expected to adopt the Law of
