`ArmenTel’ CJSC Reduced Tariffs on Corporate Packages of Cell
Communication Services 8 Times

Arminfo
2007-03-16 11:53:00

"ArmenTel" CJSC has announced today about an unprecedented reduction
of tariffs on new corporate packages of cell communication services
from the present 48 drams per minute to 6 drams.

As the Company’s press-service told ArmInfo, the tariffs on new
corporate packages took effect from March 14, 2007. Thus, the
subscribers of SIM-cards are offered a "Corporation" tariff scheme,
according to which a tariff for 1 minute of talk reduces to 6 drams
instead of the present 48 drams provided that 31 numbers are
connected. By the "Team" corporate package, the tariff decreases to 18
drams per minute of talk provided that from 3 to 30 numbers are
connected. The corporate packages are intended for juridical persons
and should sufficiently reduce the expenses of business-subscribers
for telephone talks, the Company informed.

To remind, the "VympelCom" Russian OJSC acquired 90% of shares of
"ArmenTel" CJSC since 2006, the rest 10% of shares are controlled by
RA Government.

To note, the second operator of cell communication in Armenia, the
VivaCell Company, has addressed the Economic Competition Protection
Commission blaming the "ArmenTel" CJSC for using the damping prices.