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France Telecom To Invest US$70 Mn In Armenia In 2009

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  • France Telecom To Invest US$70 Mn In Armenia In 2009

    FRANCE TELECOM TO INVEST US$70 MN IN ARMENIA IN 2009

    ArmInfo
    2009-02-03 16:44:00

    ArmInfo. France Telecom (Orange-Armenia) will invest additional US$70
    mn in Armenia in 2009, Orange-Armenia Director General Bruno Duthoit
    told Armenian Prime Minister Tigran Sargsyan in Yerevan Tuesday,
    a governmental press release says. B. Duthoit said investments will
    be made to provide mobile communication services to broad sections of
    population in Yerevan and in the regions. The company is currently at
    the stage of formation. Till the end of 2009 the preparation work will
    be completed and the company will launch services, he said. B. Duthoit
    thanked the government of Armenia for the international tender for
    selection of a third mobile operator in the country and creation
    of favorable conditions for business. For his part, Prime Minister
    Tigran Sargsyan welcomed France Telecom entering the Armenian market
    and said that it is high time for another serious company to launch
    activity in the Armenian telecommunications market. T. Sargsyan
    is sure that France Telecom will increase competitiveness of the
    country's telecommunications. As a result, consumers will gain. The
    premier said that new jobs will be created due to the investments,
    which is especially important in conditions of the world financial
    and economic crisis. Tigran Sargsyan is sure that Orange-Armenia
    will bring new business culture to Armenia and boost Armenian-French
    friendly relations.

    Public Services Regulatory Commission of Armenia granted FTA-Telecom
    (Armenian subsidiary of France Telecom) a license for exploitation
    of a mobile GSM network in Armenia for 15 years. Orange SA, part
    of France Telecom, was recognized the winner of the tender since it
    offered the highest bid - 51.5 million euro. The winner will invest
    at least 200 million euro within 15 years.

    From: Emil Lazarian | Ararat NewsPress
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