PRESS: RUSSIA’S SISTEMA WANTS TO ACQUIRE ARMENIAN MOBILE OPERATOR
Prime-Tass Business News Agency, Russia
June 13, 2007 Wednesday 1:25 PM EET
Russian holding AFK Sistema is interested in buying Armenian mobile
operator K-Telecom, Sistema’s Chairman Vladimir Yevtushenkov said,
business daily Kommersant reported Wednesday.
Yevtushenkov said Sistema was considering acquiring K-Telecom but no
agreements had been reached yet, Kommersant reported.
However, K-Telecom’s spokesman said that the company was unlikely to
change shareholders anytime soon, the daily reported.
K-Telecom, one of two mobile operators in Armenia, has over 650,000
users and works under the Vivacell brand. Livan’s Fatush Investment
Group is K-Telecom’s majority shareholder, Kommersant reported.
Sistema has 52.8% in Russia’s largest mobile company Mobile
TeleSystems (MTS), which in turn controls wireless operators in
Ukraine, Uzbekistan and Turkmenistan and has a minority stake in a
mobile operator in Belarus.