Russia’s VimpelCom And Sistema Bid For OTE’s 90 Pct Stake In ArmenTe

RUSSIA’S VIMPELCOM AND SISTEMA BID FOR OTE’S 90 PCT STAKE IN ARMENTEL REPORT

AFX Europe (Focus)
Jun 08, 2006

ATHENS (AFX) – Russia’s VimpelCom and AFK Sistema are bidding for
Hellenic Telecom’s (OTE) 90 pct stake in ArmenTel, according to
Russian news agency Novosti.

It said VimpelCom will take part in the first stage of the tender,
but will not reveal any details until the tender results are announced.

OTE said in April it wanted to sell its stake in Armenia’s leading
mobile operator. The Armenian government holds 10 pct in ArmenTel,
which has about 330,000 customers.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS