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Euroset To Quit Armenian Market

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  • Euroset To Quit Armenian Market

    EUROSET TO QUIT ARMENIAN MARKET

    /PanARMENIAN.Net/
    27.05.2009 12:21 GMT+04:00

    /PanARMENIAN.Net/ Russia's largest mobile phone retailer Evroset is
    quitting Armenian and Moldovan markets. "Shops in Armenia have already
    closed. Final closing procedures may last 2-3 months. The company took
    such decision considering profit volumes, which do not exceed 1% of
    the company's total income in both countries," Euroset Press Secretary
    Natalya Aristova told a PanARMENIAN.Net correspondent. According to
    her, the company plans to focus on the markets operating in Russia,
    Ukraine, Kazakhstan and Bealrus.

    In 2006, Euroset launched its services in Kyrgyzstan, Uzbekistan,
    Moldova, Lithuania, Estonia, Latvia, Armenia, Georgia and
    Azerbaijan. It quitted the latter country's market having worked there
    for less than 6 months. The company accounted for such decision by the
    fact that Azerbaijan drew more profit from second hand phone sales,
    considering the large number pirate copies.
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