VympelCom and OTE Sealed Deal on ArmenTel

PanARMENIAN.Net
17.11.2006 17:26 GMT+04:00

/PanARMENIAN.Net/ Russian VympelCom and Greek OTE have formally sealed
the bargain on the purchase of 90% package of ArmenTel’s stocks,
VympelCom PR officer Yekaterina Osadchaya said. The state committee on
regulation of Armenian public services approved the deal on November
14. The Armenian government is also going to offer VympelCom its 10%
package of ArmenTel stocks in exchange for refusal from monopoly
on some kinds of communication, including Internet. VympelCom
representatives assure the company has reiterated the readiness to
refuse from monopoly, reports IA Regnum.

From: Emil Lazarian | Ararat NewsPress