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With AMD 25 Million Assistance From VivaCell, 3 New Recreation Groun

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  • With AMD 25 Million Assistance From VivaCell, 3 New Recreation Groun

    WITH AMD 25 MILLION ASSISTANCE FROM VIVACELL, 3 NEW RECREATION GROUNDS HAVE BEEN OPENED IN THE CITY OF CHARENTSAVAN

    arminfo
    2008-08-02 12:09:00

    ArmInfo. VivaCell, a subsidiary of Mobile TeleSystems OJSC (NYSE:
    MBT), announces that today, with AMD 25 million assistance from
    VivaCell, 3 new recreation grounds have been opened in the city
    of Charentsavan. VivaCell allocated the funds based on its goal to
    promote active sport among children and make it a permanent part of
    their lifestyle, VivaCell reports.

    In line with its Corporate Social Responsibility policy, Armenia's
    leading mobile operator VivaCell makes social contributions in the
    spheres, which, in the long run, will have positive impact on the
    quality of life of people by reducing health-related risks. One of
    such spheres is the promotion of healthy lifestyles and creation of
    respective conditions. The construction works were realized through
    co-financing agreement between VivaCell and the Municipality of
    Charentsavan, having contributed AMD 25 and 12 million respectively
    for the construction of recreation grounds in 3 different districts of
    the city. As early as this spring VivaCell General Manager expressed
    his willingness to include Charentsavan in the list of VivaCell CSR
    activities in 2008. After a time, the Mayor of Charentsavan Hakob
    Shahgaldyan initiated a series of community discussions to identify
    the sphere where the funds provided by VivaCell would be spent. As a
    result, it was decided to direct the financial assistance of VivaCell
    toward building recreation grounds in 3 districts of the city with
    the goal to promote sport and at the same time to create a place
    for recreation for teenagers. As of July 25, the construction works
    were over.

    The ceremony of opening the recreation grounds was attended by
    VivaCell General Manager Ralph Yirikian. Congratulating the residents
    of Charentzavan, VivaCell General Manager Ralph Yirikian said:
    "On behalf of the whole company I would like to congratulate the
    residents of Charentsavan, and in particular, its young people, with
    the construction of these nice recreation grounds. I hope that young
    people will devote a significant portion of their time doing sport
    exercises, will learn and engage in new and interesting sports, to
    become physically fit and keep away from unhealthy practices. VivaCell
    will keep on supporting the Armenian youth in the future as well".
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