Armentel To Appeal Against Decision of Commission

ARMENTEL TO APPEAL AGAINST DECISION OF COMMISSION FOR PROTECTION OF
ECONOMIC COMPETITION

YEREVAN, AUGUST 26. ARMINFO. CJSC ArmenTel has made a decision to
appeal against the decision of the Commission for Protection of
Economic Competition of Armenia to impose $400,000 fine on ArmenTel
for low-quality communication.

Talking to journalists today, Chairman of the commission Ashot
Shahnazaryan said on August 25 evening ArmenTel submitted a letter of
administrative complaint to the commission. In conformity with the
effective legislation, the administrative act of the commission on
imposition of the fine is suspended till the commission replies the
complaint. The commission intends to made a relevant decision at its
next sitting on August 31, Shahnazaryan says.

At the same time, he added that one cannot constantly fine the same
company.

(ArmenTel was fined for four times during the last three years,
including three times for abuse of monopoly in the
market). Shahnazaryan thinks such an attitude to a company making such
investments in he country wrong. He says that ArmenTel assures that
the cellular communication quality will be considerably improved by
September 10-15 and the company is currently attracting large
investments for this purpose.