VympelCom Going to Strengthen ArmenTel's Positions
When commenting on the bargain sealed with Greek OTE President of VympelCom Russian company Alexander Izosimov said, "We are glad to announce the agreement, which will allow us to launch activities in Armenia, the sixth CIS state our company offers its services to. Covering some 40% of the Armenian cellular market ArmenTel has a strong position and we are going to consolidate it."
According to the information posted on VympelCom's website, the ArmenTel package costs 341.9 million euros plus 40 million euros of net debt and obligations of the company. The final conclusion of the bargain will depend on a number of terms including consent of the Armenian government till end of 2006.
According to the information posted on VympelCom's website, the ArmenTel package costs 341.9 million euros plus 40 million euros of net debt and obligations of the company. The final conclusion of the bargain will depend on a number of terms including consent of the Armenian government till end of 2006.
