ARAKINI ENKER COMPANY INTENDS TO INVEST $1.5 MILLION IN CREATING RADIO MODEM COMMUNICATION NETWORK IN YEREVAN

ARKA
Nov 7, 2007

YEREVAN, November 7. /ARKA/. Arakini Enker Company intends to invest
$1.5 million in creating radio modem communication network in Yerevan.

Alexander Yesayan, the company director, told ARKA News Agency on
Tuesday that the network will cover the entire territory of Armenia’s
capital.

"At initial stage, the company is planning to invest $500,000 and
provide wireless Internet services in Yerevan. This will ensure swift
connection and reliable communication", he said.

Yesayan said seven basic stations will be installed in Yerevan.

He said that the company plans to provide IP telephony and digital
video services later.

On Tuesday, Armenian Public Services Regulatory Commission gave the
company a license for ten-year exploitation of 5650-5725 megahertz
radio frequencies.

The company has transferred AMD 11 million to the state budget for the
frequencies exploitation authorization and another 8.5 million will
be paid every year for the exploitation. ($1 – AMD 325.18)