OTE PUBLISHES SHORTLIST OF COMPANIES TO PASS SECOND ROUND OF TENDER FOR SALE OF ARMENTEL SHARES

Noyan Tapan
Jun 22 2006

YEREVAN, JUNE 22, NOYAN TAPAN. The OTE company (Greece) on June
22 published the shortlist of four companies that will be allowed
to participate in the second round of the tender for sale of 90%
of ArmenTel’s shares. According to a press release of the company,
these are the Russian companies Vimpelcom and Mobile Telesystems (MTS),
a group of telecommunication companies operating in the Persian Gulf
region – ETISALAT-Emirates Telecommunications Corporation/Istithmar
ETV-Emergent Telecom Ventures, and VTEL Holdings/Knightsbridge
Associates Corporation, about which the press release does not provide
any information.