Rostelecom to invest $26 mln, launch Multimedia Center in GyumriOctober 5, 2013 - 14:01 AMT PanARMENIAN.Net - Russia's leading long-distance telephony provider Rostelecom plans to invest $26 million in Armenia by 2017. At the meeting with Prime Minister Tigran Sagsyan, the company's president Sergey Kalugin gave high assessment to Armenia’s communication infrastructures, also presenting Rostelecom's investment programs. According to Kalugin, the company plans to extend its services to a number of Armenian towns. The parties further discussed Rostelecom’s possible involvement in the venture fund and the operating free trade zone in Armenia. The Prime Minister, in turn, hailed the company’s activities in Armenia, expressing government’s readiness to promote Rostelecom projects' implementation. On Friday, October 4, Rostelecom OJSC and Economy Ministry signed an agreement for a launch of Multimedia Center at Gyumri Technopark. At ArmTech Congress in Yerevan, the agreement was signed by the CEO of "GNC-ALFA" CJSC (member of Rostelecom group of companies) Hayk Faramazyan and Armenian Economy Minister Vahram Avanesyan. "GNC-ALFA" CJSC was founded in 2007. The company became a member of Rostelecom group of companies in February 2012 and from 18 of December 2012 it provides telecommunication service in the Republic of Armenia under “Rostelecom” brand as a subsidiary company. As one of the leading telecommunications companies Rostelecom Armenia already provides internet access and fixed telephony services with TV services available soon to both physical bodies and corporate clients. In 2012 the company invested in network development successfully implementing “Fiber to the home” technology in 11 cities and from December retail sales are being made in five cities of RA. The company plans to expand its activities in retail sales for 2013-2014 through all cities of RA, including capital of Yerevan. The network of Rostelecom Armenia is solely based on fiber-optic cable (FOC) infrastructure covering 80% of the territory of RA and spreading for over 2500km. It is connected to region’s main terrestrial networks and largest traffic exchange nodes as well as international channels of Iran and Georgia. Corporate client list of the company includes not just a number of local Banks and Corporations, but also the Government of Republic of Armenia, State institutions and International organizations. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Ameriabank's Trade Finance portfolio enriched with four prestigious awards from EBRD and IFC Ameriabank received the awards from international financial institutions in recognition of its trade finance operations. Armenian Economy Minister to make trip to UAE May 20-22 A delegation led by Minister of Economy Gevorg Papoyan will travel to the UAE capital of Abu Dhabi on May 20-22 Armenia Security Council chief traveling to Qatar Secretary of the Security Council of Armenia Armen Grigoryan will travel on a working visit to Qatar. Pillars installed in Armenian border village of Kirants In the Armenian village of Kirants, three border markers have been installed, and border guards stand next to them. |