Andranik Manoukyan Will Sell

ANDRANIK MANOUKYAN WILL SELL

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[05:14 pm] 08 November, 2006

The RA Government intends to sell the 10% of the shares of "ArmenTel"
to Russian "Vympelcom" if the latter renounces monopoly, RA Minister
of Transport and Communication Andranik Manoukyan said today.

"Why did we keep the 10%? As far as there were provisions about
monopoly, having that 10% the Government participated in the session
and discussions and tried to affect the decisions. But it didn’t. Only
one of the five members of the Council represented the Government. And
four is always more than one. Now that there is no monopoly, the
tariffs are formed in the circumstances of competition", Andranik
Manoukyan explained. Let us remind you that he has the control over
the 10% of shares of "ArmenTel".

By the way, Andranik Manoukyan also informed that the third cellular
operator can appear in Armenia no sooner than in 2009 as the Government
has promised not to give a license to any new operator until then.