PanARMENIAN.Net
System Corporation Applied for Participation in Tender
to Buy ArmenTel
02.06.2006 20:27 GMT+04:00
/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.