CORNET-AM CJSC TO START PROVIDING WIDE RANGE OF TELECOMMUNICATION SERVICES IN ARMENIA IN 2008

arminfo
2008-04-11 15:17:00

ArmInfo. Cornet-AM CJSC is going to start providing a wide range of
telecommunication services in Armenia in 2008, Director General of
Cornet-AM Boris Demirkhanyan told ArmInfo correspondent, Friday.

According to him, the company obtained a licence for exploitation
of the public network of electronic communications in Armenia,
which implies rendering of the widest range of services, including
telephony and IP television. These services became possible after the
complete liberalization of the telecommunication market in Armenia
since October 1, 2007. Today, Cornet-AM provides various services
in Armenia, including provision of access to internet and creation
of network systems. It is planned to launch the WiMaе network in 18
towns of Armenia in 2008, and Cornet-AM intends to start exploiting
this network in the middle of 2008, the director general said.

To exploit the network throughout Armenia, the company applied to
the Public Service Regulatory Commission for certain frequencies in
the regions. The company already has the required frequency range
in Yerevan, and the network has been operating since summer 2006,
he said. After WiMax is launched, there will be an opportunity to
provide a wide range of services and Cornet-AM’s supply will depend
on demand for a certain service, Demirkhanyan noted.

The Russian company "Comstar – United Telesystems" has 75% of shares
in the capital of Cornet Enterprises Ltd, which is the sole owner
of Cornet-AM CJSC. To note, the multi-sectoral holding AFK System
controls "MTS", "Comstar", "Svyazinvest", "Sitronix", "Sistema Gals",
"Detsky Mir", "Inturist".

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