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    Emil Lazarian
  • 18 years ago
    • Categories: News

Vimpelcom buys 90 pct stake in Armenian telecom operator for 381.9 m

Vimpelcom buys 90 pct stake in Armenian telecom operator for 381.9 mln eur

AFX International Focus
November 3, 2006 Friday 2:50 PM GMT

MOSCOW (AFX) – Vimpelcom said it has agreed to buy a 90 pct stake
in the Armenian telecom operator CJSC Armenia Telephone Company from
Greece’s Hellenic Telecommmunications (OTE) for 381.9 mln eur in cash
and debt.

Vimpelcom will pay 341.9 mln eur for the company and will assume an
additional 40 mln in debt, it said.

Armentel is a fixed-line and mobile operator in Armenia with around
600,000 fixed-line subscribers and 400,000 GSM subscribers, the
Russian mobile telecoms company said.

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
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