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'ArmenTel' Invested About $63 Mln In Upgrading In 2007

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  • 'ArmenTel' Invested About $63 Mln In Upgrading In 2007

    'ARMENTEL' INVESTED ABOUT $63 MLN IN UPGRADING IN 2007

    armnifo
    2007-11-16 14:47:00

    ArmInfo. "ArmenTel" CJSC invested about $63 mln in the Company's
    upgrading from early 2007 to the midst of November, Director General of
    "ArmenTel" Oleg Blizniuk told journalists today.

    He said that the investments were attracted mainly to upgrading of
    the network, implementation of a new billing center and development
    of information technologies. The director general said that the
    Company will master $90 mln of investments till the end, 2007. He
    called the current year difficult for "ArmenTel" as "it underwent
    many changes and alterations". The plan of investments for 2008 is
    worked out taking into account the subscribers' needs and now it
    is specified, O. Blizniuk said. He added that "ArmenTel" intends to
    develop both the cell network and the fixed one in 2008. The Company
    will complete digitization of ATS in Yerevan in the near future. At
    late, 2008, it may pass to the new plan of numeration and implement
    seven-digit telephone numbers in Yerevan and six-digit ones in the
    regions instead of the present six-digit and five-digit numbers,
    respectively. "ArmenTel" intends to change the numeration plan only
    if demand is available in the market.

    Oleg Blizniuk also commented on the information in the Armenian press
    saying that "ArmenTel" dismisses its employees in order to sale the
    fixed business.

    O. Blizniuk called it a "real raving". He explained that "ArmenTel" had
    never followed the requirements of RA Labour Legislation before. "We
    have to follow these requirements. It became clear during the
    professional inspections that many employees cannot take stay at the
    positions they take for a number of professional diseases. Dismissals
    and transfer of the people to another job give us no pleasure as
    we loose professional staff as a result of it, the people , who had
    worked in the Company for 20-30 years", O. Blizniuk said.

    To recall, 100% of shares of "ArmenTel" CJSC belong to the "Vimpelcom"
    Ltd.

    From: Emil Lazarian | Ararat NewsPress
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