THE NUMBER OF "ARMENTEL" SUBSCRIBERS REACHED 450 THOUSAND, VICE-PRESIDENT OF "VIMPELCOM" STATED

Mediamax
Feb 09 2007

Yerevan, February 9 /Mediamax/. The number of mobile subscribers of
the "ArmenTel" Company reached 450 thousand.

Mediamax reports referring Prime-Tass that "VimpelCom" Vice-President
for Business Development in the CIS states Sergey Avdeev said this.

In November 2006, when "VimpelCom" purchased 90% share of "ArmenTel"
from the Greek OTE, the number of the mobile subscribers of the
Company was 400 thousand.

Mediamax recalls that in late December 2006, Sergey Avdeev stated that
"ArmenTel" had lost the position of a leader on the market of mobile
communication of Armenia.

"We should understand the account policy and the way they count
the subscribers in Armenia. However, judging from the accounting,
during 2006 VivaCell managed to leave behind the mobile division
of "ArmenTel". Today, the ration is about 600 thousand to 450
thousand. But the given fact does not at all confuse us. This is
where we know how to work", the Vice-President of "VimpelCom" was
saying in an interview to the RBC Daily newspaper.