Announcement

Collapse
No announcement yet.

Golden Telecom Says No Plans To Buy ArmenTel's Fixed-Line Business

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Golden Telecom Says No Plans To Buy ArmenTel's Fixed-Line Business

    GOLDEN TELECOM SAYS NO PLANS TO BUY ARMENTEL'S FIXED-LINE BUSINESS

    Prime-Tass Business News Agency, Russia
    November 8, 2006 Wednesday 7:25 PM EET

    U.S.-registered telecommunications operator Golden Telecom, which has
    key operations in Russia and the Commonwealth of Independent States
    (CIS), does not plan to buy the fixed-line business of Armenia's
    ArmenTel from Russia's second largest mobile operator VimpelCom,
    Golden Telecom's CEO Jean-Pierre Vandromme said during a conference
    call Wednesday.

    On November 3, VimpelCom said that it had signed an agreement
    to acquire a 90% stake in fixed-line and mobile service provider
    ArmenTel. ArmenTel's subscriber base includes approximately 600,000
    fixed-line subscribers and 400,000 GSM subscribers.

    Following the deal's announcement, market analysts suggested that
    VimpelCom may sell ArmenTel's fixed-line business to Golden Telecom.

    Russia's Altimo and Norway's Telenor are key shareholders in both
    VimpelCom and Golden Telecom.
Working...
X