ISSUE OF TARIFFS TO BE CONSIDERED IN 45 DAYS

A1+
[08:10 pm] 13 July, 2007

On July 13 the Public Services Regulatory Commission (PSRC) rejected
ArmenTel’s bid to raise the tariffs on services. The PSRC disapproved
of ArmenTel’s initiative to raise the monthly fee from 1100 to 2040
drams, as well as to cut the free time about twice.

ArmenTel has foreseen to boost the subscription fee from 12 thousand
to 15 thousand drams.

Under Licence 60 the issue will be considered in 45 days at the
second phase.