Andranik Manukian: OTE Greek Company Is Going To Represent The Resul

ANDRANIK MANUKIAN: OTE GREEK COMPANY IS GOING TO REPRESENT THE RESULTS OF TENDER FOR SALE OF ARMENTEL SHARES

AZG Armenian Daily
13/10/2006

Andranik Manukian, RA Transport and Communication Minister, informed
that this week, OTE Greek company is going to represent the results of
tender announced for sale of 90% of ArmenTel shares. He said this at
today’s briefing. The minister stated that OTE and the British HSBC
bank, that takes the role of consultant, are currently discussing
the price suggestions of the tender participants. He added that the
companies have submitted their price applications of September 18.

One of the companies is an Arabian one, while the second is from
Russia. Manukian stated that the Arabian ETISALAT company has become
the winner of the tender, according to the press release received
from the contest.