ARMENTEL NEW OWNER NAME TO BE KNOWN IN LATE JULY-EARLY AUGUST

PanARMENIAN.Net
27.06.2006 14:19 GMT+04:00

/PanARMENIAN.Net/ The name of the new owner of 90% of ArmenTel
company shares will be known in late July – early August, Armenian
Minister of Transport and Communication Andranik Manukyan told
journalists yesterday. In his words, only in case the stockholder
is changes the issue of reconsideration of the terms of the license
will be solved. Manukyan remarked the Armenian Government has not
yet expressed its stand over four possible buyers of ArmenTel. He
expressed satisfaction with OTE Greek Company selling its 90% shares,
reports the Yerkir newspaper.

We remind that after the first phase of the tender for buying ArmenTel
company, Vympelkom and MTC Russian companies, as well as ETISALAT
(Emirates Telecommunications Corporation /Istithmar ETV -Emergent
Telecom Ventures) and VTEL Holdings/Knightsbridge Associates will
continue the competition.