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`Mobilnie Telesistemi' intends to buy 90 percent of ArmenTel shares

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  • `Mobilnie Telesistemi' intends to buy 90 percent of ArmenTel shares

    `Mobilnie Telesistemi' intends to buy 90 percent of "ArmenTel" shares

    ArmRadio.am
    03.06.2006 13:30

    `Mobilnie Telesistemi,' the largest cell operator in the CIS applied
    the Greek OTE Company for purchasing 90 percent of `ArmenTel shares,
    `Oreanda' informs.

    In 1997 OTE purchased 90 percent of `ArmenTel' shares at an
    international tender, at the same time gaining the right of monopoly
    for providing telecommunication services for the period of 15
    years. According to the data of ACM Consulting, as for the start of
    2006 `ArmenTel' had over 321 000 subscribers, about 300 000 people
    used the services of the second cell operator of Armenia `VivaCell'
    Company.
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