Armenia’s K-Telecom buys 100 mln euros of equipment

Armenia’s K-Telecom buys 100 mln euros of equipment

Prime-Tass English-language Business Newswire
February 11, 2005

YEREVAN, Feb 11 (Prime-Tass) — K-Telecom, Armenia’s second-largest
mobile operator, has bought equipment worth 100 million euros,
Andranik Manukyan, Armenia’s Transport and Telecommunications Minister,
said Friday.

The equipment is expected to be shipped to Armenia in the near future,
he said.

Currently, K-Telecom has been holding negotiations with Armenian
national telecom company ArmenTel regarding cooperation on Armenia’s
mobile market, he said, adding that ArmenTel uses the 25 MHz frequency,
which is expected to be divided between the operators.

Starting May, K-Telecom is expected to start providing services in
Yerevan, he said.

In November 2004, the Armenian government had awarded a license
to K-Telecom to become the country’s second mobile operator, after
removing ArmenTel’s exclusive right to provide GSM, mobile satellite
and mobile radio communication services by amending the company’s
license. End