RA EX-PREMIER WELCOMES ARMENTEL PURCHASE BY VYMPELCOM

PanARMENIAN.Net
06.11.2006 13:17 GMT+04:00

/PanARMENIAN.Net/ "In 1998, when we put the stocks for sale I
regretted there was no Russian companies among the aspirants,"
said RA Ex-Prime Minister, rector of the Russia-Armenian (Slavonic)
University, professor Armen Darbinian when commenting on the sale of
Armenian telecommunications company ArmenTel’s 90% stocks to Russian
VympelCom. In his words, the process of initial capital accumulation
and allocation of Russian actives was not over in Russia at that time.

"In 2001 an intense search for extra investment projects was launched
first of all among the Russian leading enterprises. Certainly, the
price of these actives has changed but today the Russian companies are
ready to pay for the possibility of expansion and this gratifies,"
the RAU rector said. "I welcome this bargain and I am glad that a
Russian company has become the owner of the Armenian telecommunication
operator. I know VympelCom as a serious company and wish it every
success at the Armenian market," he resumed, RAU Spokesman Roman
Nadirian told PanARMENIAN.Net.

From: Emil Lazarian | Ararat NewsPress