COMSTAR-UTS INVESTED $4,6 MLN IN CREATION OF NATIONAL MOBILE NETWORK IN ARMENIA

ArmInfo
2008-10-21 15:33:00

ArmInfo. COMSTAR-UTS (United TeleSystems) invested $4,6 mln in creation
of a national mobile network WiMAX in Armenia, Director General of
Cornet-AM CJSC (subsidiary of COMSTAR-UTS) Boris Demirkhanyan said at
today’s pres-conference on the occasion of the network launch. He said
that the network has been launched at the first stage in 18 towns
of Armenia and covers almost 60% of the population. Twenty-four
multisectoral base stations have been installed to assure the
communication. Airspan Networks Company (USA) is supplier of the
network equipment. The wireless network, for operation of which a
necessary resource has been allotted in a radio frequency range of
3,6-3,8 GHz in the territory of 9 regions, functions in 802,16Ã’
standard. The network has been intended for rendering of a full
spectrum of telecommunications services to the legal and natural
persons, including services in data transfer, digital telephony,
high-line Internet access, organization of corporate networks (IP
VPN), etc. The director general said that Cornet-AM has 600 clients
at this stage and it is expected to join 400 clients more till late,
2008. The president of COMSTAR- UTS Sergey Pridantsev said at the
press-conference that WiMAX national network in Armenia is not only
unique for the country but it is also one of the first telecommunicati
ons networks in the world of such kind.

To note, COMSTAR-UTS is the biggest communication operator in Moscow
on financial indicators and subscriber base. The securities of
COMSTAR-UTS have been admitted to tenders at London Stock Exchange
under CMST ticker.

–Boundary_(ID_GFVEZ0mH/CAgC/1lH9wPKQ)–