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"Armentel" Is Officially Not Sold

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  • "Armentel" Is Officially Not Sold

    "ARMENTEL" IS OFFICIALLY NOT SOLD

    A1+
    [05:11 pm] 01 November, 2006

    The RA Ministry of Transport and Communication has not received a
    corresponding document from Greek company OTE about the sale of 90%
    of the shares of "ArmenTel", press secretary of the Ministry Tamara
    Ghalechyan informed.

    Let us remind you that on October 12 RA Minister of Transport and
    Communication Andranik Manoukyan informed that OTE will probably
    represent the corresponding documents in mid October. According to
    him, the Greek company must officially inform about the results of
    the competition.

    It is noteworthy that the OTE declared an auction in order to sell
    90% of the share of "ArmenTel". 16 companies have participated
    in the auction. The companies which reached the second phase are:
    "Vympelcom" and MTC from Russia, ETISALAT (Emirates Telecommunications
    Corporation/Istithmar ETV -Emergent Telecom Ventures) and VTEL
    Holdings/Knightsbridge Associates.
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