COMMISSION FOR PROTECTION OF ECONOMIC COMPETITION RECOGNIZES CLAIMS AGAINST ARMENTEL GROUNDLESS

ArmInfo
2008-12-24 15:58:00

Commission for Protection of Economic Competition stopped the
administrative proceedings on two claims by ‘Protection of Consumers’
Rights’ NGO against ArmenTel CJSC (brand Beeline). The first claim was
connected with problems of Hi Line service users because of traffic
limitation by other providers. The second claim was connected with
the mistake of the operator when providing data on GPRS service to
a user. The mistake was timely fixed by ArmenTel and did not result
in any financial problems for users. Earlier, in October 2008, the
Commission stopped the administrative proceedings on another claim
by the NGO against ArmenTel connected with provision of details of
telephone calls. Thus, the Commission recognized all the three claims
against ArmenTel groundless.

‘We are glad that are all the misunderstandings have been settled
and we’d like to express our readiness for dialogue with public and
clients. I hope in future consumers’ rights protection organizations
will discuss problems with us not resorting to such radical measures’,
said David Sandukhchyan, the head of ArmenTel Juridical Service.

ArmenTel CJSC (Beeline brand) is the subsidiary of VimpelCom
Group. The VimpelCom Group consists of telecommunications operators
providing voice and data services through a range of wireless, fixed
and broadband technologies. The Group includes companies operating
in Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia and
Armeniaas well as Vietnam and Cambodia, in territories with a total
population of about 340 million. The Group companies provide services
under the "Beeline" brand. VimpelCom was the first Russian company
to list its shares on the New York Stock Exchange ("NYSE").

VimpelCom’s ADSs are listed on the NYSE under the symbol "VIP".