June 22, 2006 - 20:17 AMT
Vympelcom, MTS, ETISALAT and VTEL Pretending to ArmenTel
OTE Greek company has announced the list of companies, which will be offered the possibility to further participate in the tender for 90% of ArmenTel stocks. The list includes Russian companies Vympelcom and MTS as well as ETISALAT (Emirates Telecommunications Corporation /Istithmar ETV -Emergent Telecom Ventures) and VTEL Holdings/Knightsbridge Associates. To note, some 10 companies pretended to ArmenTel including the Armenian holding "SIL Group" that was aspired to receive the majority interest. According to specialists, the price makes $350-450 million. The decision on selling the stocks will be made by the HSBC and OTE.