System Corporation Applied for Participation in Tender to Buy ArmenTel

June 2, 2006 - 21:27 AMT
PanARMENIAN.Net - System Joint-Stock Financial Corporation (JSFC) has applied for participation in the tender for buying ArmenTel Armenian operator, Chair of the System JSFC Board of Directors Vladimir Yevtushenkov told journalists today. He noted that this asset is not a strategic one, «however from the point of view of the coverage area of all former Soviet Union countries, this acquisition makes sense,» reports IA Klekr.ru



ArmenTel is the major telecommunication company of Armenia. Greek OTE Company holds 90% of its shares, while 10% belong to the Armenian Government.
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