Orange Armenia Plans To Make Additional Investments Of 70 Million Do

ORANGE ARMENIA PLANS TO MAKE ADDITIONAL INVESTMENTS OF 70 MILLION DOLLARS IN 2009

Noyan Tapan

Feb 3, 2009

YEREVAN, FEBRUARY 3, NOYAN TAPAN. Armenian Prime Minister Tigran
Sargsyan on February 3 received Director General of France Telecom
(Orange Armenia) company Bruno Dutois. Presenting the activities
of France Telecom which is considered one of the world’s leading
operators in the communication sector, B. Dutois said that Orange
Armenia is still at the stage of its formation and intends to finish
preparatory work by late 2009 and start its activities during that
period. According to him, in 2009 the company plans to make additional
investments of 70 million USD, having a purpose of operating not only
in the capital city but also in Armenian marzes (provinces).

T. Sargsyan attached importance to the entrance of France Telcom
into the Armenian market from several points of view: first, the
competition in the communication sector will increase, thanks to
which the consumer will benefit, new investments will be made and
new jobs will be created. This circumstance is especially important
under conditions of the current financial and economic crisis.

According to the RA Government Information and PR Department, the
French Ambassador to Armenia Serge Smessov and the Director-Shareholder
of Grant Thornton Amyot company Armand Pinarbasi participated in
the meeting.

http://www.nt.am?shownews=1011799