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Viva Cell Not Ready to Purchase 90% of "Armentel" Shares

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  • Viva Cell Not Ready to Purchase 90% of "Armentel" Shares

    VIVA CELL NOT READY TO PURCHASE 90% OF "ARMENTEL" SHARES


    Yerevan, April 7. ArmInfo. VIVA Cell, second mobile connection
    operator in Armenia, is not ready to purchase 90% of "ArmenTel" shares
    from OTE, Greek company. Ralph Yirikian, general director of VIVA
    Cell, informed ArmInfo. "We have just entered the Armenian market of
    mobile connection," he said. At the same time, he added that such an
    opportunity isn't excluded in the future. It's worth mentioning that
    OTE anounced about its decision to sell 90% Of "ArmenTel" shares,
    after the consultations with RA Government, recently.

    RA Government sold 90% of "ArmenTel" shares to OTE at $142,5 millions
    in 1997. The rest 10% of the shares still belong to RA
    Government. While VIVA Cell company became second mobile connection
    operator in Armenia since June 1, 2005
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