Deal On ArmenTel Biggest For VimpelCom Outside Russia: Vice-Presiden

DEAL ON ARMENTEL BIGGEST FOR VIMPELCOM OUTSIDE RUSSIA: VICE-PRESIDENT

Arka News Agency, Armenia
Dec 6 2006

YEREVAN, December 6. /ARKA/. The deal on purchase of 90% shares of
ArmenTel Telecommunications Company was the biggest one for VimpelCom
Company outside Russia, VimpelCom Vice-President for corporate
development Vladimir Ryabokon reported at a press conference in
Yerevan Wednesday.

He said that one of the priorities of the company’s strategies is
active expansion throughout CIS.

He pointed out that ArmenTel has a special status in Armenia.

Ryabokon reported that VimpelCom plans to share its huge experience
and introduce its own operational model considering local peculiarities
and traditions.