ARMENIAN GOVERNMENT SELLS ITS 10% STAKE OF ARMENTEL

Noyan Tapan
Mar 22 2007

YEREVAN, MARCH 22, NOYAN TAPAN. At the March 22 sitting, the Armenian
government made a decision to privatize ArmenTel CJCC’s 1,883,771
shares repsresenting the 10% state property by selling them to
ArmenTel’s owner – Vympelkom OJSC. The sale price of property was set
in the amount equivalent to 1/9th of the price of 90% shares of the
company acquired by the purchaser and stipulated by a memorandum. NT
was informed about it from the RA Government Information and PR
Department.
From: Baghdasarian