RosBusinessConsulting, Russia
June 2 2006
Sistema eyeing Armenian operator
RBC, 02.06.2006, Moscow 19:51:45.Sistema has submitted a bid in
a tender for the acquisition of Armenian operator ArmenTel, Chairman
of Sistema’s Board of Directors Vladimir Yevtushenkov told
journalists today. This asset is not of strategic priority, but this
acquisition would make sense from the point of view of expanding
coverage to all former Soviet republics, he noted.
The outcome of the tender will be determined on the basis of
reasonable price feasibility, Yevtushenkov stressed, pointing out
that due to the price of Serbian mobile operator Mobi-63 being
overstated, Sistema had withdrawn the bid for its purchase.
Commenting on the company’s plans to enter the Iraqi market,
Yevtushenkov said that there had been no progress in this direction
because it is a “complex country”, but the company was still doing
its research into the global market. The official also added that
Sistema was looking into potential acquisitions in Vietnam, but he
declined to mention any specific names noting only that “many of them
were of interest”.