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Armentel Gives Up Two Of Its Monopolies

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  • Armentel Gives Up Two Of Its Monopolies

    ARMENTEL GIVES UP TWO OF ITS MONOPOLIES

    Armenpress
    Dec 18 2006

    YEREVAN, DECEMBER 18, ARMENPRESS: Armenia's Public Services Regulatory
    Commission has reviewed today License 60 that granted ArmenTel
    telephone operator exclusive rights in several services, lifting its
    monopolies on Internet data transmission and Internet voice transfer,
    but the company will hold exclusive rights in fixed-telephone services.

    Lifting ArmenTel's monopolies was one of the terms of the company's
    sale to the Russian Vimpelcom, which now owns its 90 percent stake. Now
    after this major change Internet providers in Armenia may sign separate
    agreements with international providers for transmission of data.

    The change also allows the second mobile phone provider- VivaCell-
    which had to use ArmenTel's stations, to create its own station
    for transmission of international voice data. The Public Services
    Regulatory Commission told ArmenTel and Viva Cell to incorporate
    relating changes into their inter-operability agreement until February
    1, 2007.

    But a member of the Commission warned this does not mean immediate
    opening up of the sector to competition, as they have yet to address
    many legislative and technical problems.

    Russian Vimpelcom paid 341.9 million euros ($436.3 million) plus
    about 40 million euros (US$51 million) in debt to takeover ArmenTel
    from the Greek OTE.
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