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