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OSS-Zvezda fails to get license for mobile services in Armenia

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  • OSS-Zvezda fails to get license for mobile services in Armenia

    Prime-Tass English-language Business Newswire
    March 18, 2004

    OSS-Zvezda fails to get license for mobile services in Armenia


    MOSCOW, Mar 18 (Prime-Tass) -- Russian-Armenian telecommunications
    joint venture OSS-Zvezda failed to receive a license from Armenia's
    Transport and Communications Ministry to provide GSM 1800 mobile
    services in Armenia, the company's information service told
    Prime-Tass Thursday.

    The ministry refused to provide the license to the company, saying
    that another company, the Armenian Telephone Company is currently
    licensed to provide mobile services in the country.

    In spite of the ministry's rejection, OSS-Zvezda plans to bid for a
    license as well as to open its affiliates in the country acting under
    local legislation.

    The company's total investments into its Armenian project are
    estimated at 60 million euros.

    The company also plans to build a mobile network to cover the
    Caucasus Region, including Georgia, under the brand name Kavkazskaya
    Zvezda (Caucasian Star). End
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