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VimpelCom Says Still Undecided On ArmenTel's Fixed-Line Business

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  • VimpelCom Says Still Undecided On ArmenTel's Fixed-Line Business

    VIMPELCOM SAYS STILL UNDECIDED ON ARMENTEL'S FIXED-LINE BUSINESS

    Prime-Tass Business News Agency
    November 21, 2006 Tuesday 4:38 PM EET

    Russia's second largest mobile operator VimpelCom has still not decided
    on whether to keep or sell the fixed-line business of recently acquired
    Armenian mobile and fixed-line operator ArmenTel, VimpelCom's Vice
    President Nikolai Pryanishnikov told a news conference Tuesday.

    A VimpelCom spokeswoman said earlier that VimpelCom planned to offer
    converged fixed-to-mobile services.

    Speaking on the mobile business of ArmenTel, Pryanishnikov said
    that VimpelCom would introduce its Beeline brand in Armenia as soon
    as possible.

    VimpelCom's top priority markets in the Commonwealth of Independent
    States (CIS) are Azerbaijan, Moldova and Georgia, where VimpelCom
    has recently acquired a GSM license holder, Pryanishnikov said.

    VimpelCom purchased ArmenTel earlier this month and some market experts
    suggested then that VimpelCom may sell ArmenTel's fixed-line business
    as it is not a core business for VimpelCom.
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