PRESENTATIONS OF THE ARMENIAN-NORWEGIAN ADC TELECOMMUNICATION COMPANY TOOK PLACE IN YEREVAN

Mediamax News Agency, Armenia
April 27 2007

Yerevan, April 27 /Mediamax/. The presentation of the
Armenian-Norwegian Telecommunications Company "Armenian Datacom
Company" (ADC) took place in Yerevan today.

Mediamax reports that according to the Executive Director of ADC Herald
Griten, the company will be working in the sphere of provision of
ultramodern corporative network opportunities and high-speed internet
services in the Armenian capital both for the state establishments
and private companies.

President of ADC Khazhak Karayan stated that at present, $3.4mln is
invested in the company, and by the end of the year $1.5mln more is
planned to be invested. According to him, the network, installed by
the company, has no analogues not only in Armenia, but in the whole
region as well.

Khazhak Karayan stressed that the company plans to decrease the tariffs
for internet-services and the services of data transfer for 25%.

The Minister of Trade and Economic development of Armenia Karen
Chshmaritian stressed that consecutive work, directed to set up
auspicious conditions for foreign investments gave its results. The
Minister voiced hope that ADC will become one of the leading
IT-Companies of Armenia, assisting the effective activities of the
economic infrastructures of the country.

ADC was established in 2006 and is the first joint Armenian-Norwegian
company.