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VympelCom Interest In Armenia's ArmenTel Reaches 100%

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  • VympelCom Interest In Armenia's ArmenTel Reaches 100%

    VYMPELCOM INTEREST IN ARMENIA'S ARMENTEL REACHES 100%

    SKRIN Market & Corporate News
    April 19, 2007 Thursday

    VympelCom has bought 10% of stocks in ArmenTel from the Government
    of Armenia. The equity stock was valued at RUR38.6mln. Selling price
    of stocks was set at 1/9 of the price of 90% of stocks, purchased by
    VympelCom in November 2006, in compliance with the MOU signed by the
    parties, the company's press service told SKRIN.
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