FRANCE TELECOM TO INVEST 200 MLN EUROS IN ARMENIAN OPS

Prime-Tass English-language Business Newswire
October 10, 2008 Friday 6:05 PM EET
Russia

France Telecom, which recently won a tender for a mobile license in
Armenia, plans to invest up to 200 million euros to establish a mobile
network in the country, France Telecom representative Jean-Michel
Serre said Friday.

France Telecom plans to register a local company under the Orange
brand within the coming weeks, Serre said without specifying the
timeline for the network’s commercial launch.

Orange, a key brand of France Telecom, obtained the license for both
GSM and third generation (3G) mobile services in Armenia, having
offered the highest bid of 51.5 million euros at a tender.