ARMENTEL WRITES OFF PART OF INTERNET USERS’ DEBTS

ArmInfo
2007-05-24 15:08:00

After consulting with the Public Services Regulatory Commission of
Armenia, ArmenTel company has made a decision to write off part of
Internet users’ debts through fixed-line telephony.

Speaking at a press conference in Yerevan, Thursday, ArmenTel Director
General Oleg Blyznuk said the 67 million AMD debt of 520 users is in
question. The dept was accumulated in the period from May 1 2006 to
May 23 2007. The company intends to write off 65% of the debt. The
remaining 35% will be paid over within three years under a relevant
contract with ArmenTel on the debt repayment schedule.

ArmenTel will provide 65% bonus to the bonafide users who pay over the
whole amount. As soon as the contracts are made, the telephones of
the users will be reconnected, the director general said. He called
on the population for using radiophone encoding and safety systems
to avoid outside interference.

Oleg Blyznuk said that the company writes off part of subscribers’
debts for the second time taking into account the social conditions
of the population.

A similar action was announced in May 2006 for the subscribers who
accumulated debts in the period from November 2005 to the beginning
of 2006. Asked by ArmInfo’s correspondent if the action may become
a precedent, O. Blyznuk said that this may be the last action,
especially for the new list of debtors include users who have already
been ‘amnestied’.

In his turn, Samvel Arabajyan, a member of Public Services Regulatory
Commission, said that 401 of 520 subscribers or 57% of their total
number have repaid the whole amount. He said the action announced by
ArmenTel is a display of good will.

ArmenTel is a branch of Russian VimpelCom and provides services in
the sphere of fixed and cellular communication.