PanArmenian News, Armenia
July 11 2005
FAILURES IN ARMENTEL NETWORK NOT CONDITIONED BY INCREASE OF
SUBSCRIBERS OR EQUIPMENT FUNCTIONING
11.07.2005 03:33
/PanARMENIAN.Net/ ArmenTel Company has revealed an unexplainable
overcharge of its network, Chief Executive Officer Vasilios Fetsis
told journalists. In his words, strange failures that are not
connected with technical defects have occurred in the cellular
communication system since July 1. The causes are being investigated
at present. According to Vasilios Fetsis the failures are cot
conditioned by the increase of the number of subscribers or
functioning of the equipment. To remind, till November 4, 2004
ArmenTel has held the monopoly for the cellular communication in
Armenian market. In 1997 OTE Greek company purchased 90% of the
stocks of ArmenTel Telecommunication Company with $142.47 million.
Since July 1, 2005 K-Telecom entered the Armenian market under the
trademark of VivaCell. According to Mr. Fetsis ArmenTel will
undertake all the necessary measures including legal ones to protect
its network, Prime-Tass reported.