Interfax, Russia
April 17 2009
Russia’s MTS officially launches 3G network in Armenia
MOSCOW
K-Telecom, the Armenian subsidiary of Russia’s Mobile TeleSystems
(MTS), has officially launched a 3G network in Armenia on a commercial
basis, MTS said in a statement.
At present, the 3G network covers Armenia’s largest cities – Yerevan,
Gyumri and Vanadzor.
MTS plans to launch the network in all Armenian cities by the end of
2009.
MTS is the largest mobile operator in Russia and the CIS by subscriber
numbers. It serves over 95 million subscribers in Russia, Ukraine,
Uzbekistan, Turkmenistan, Armenia and Belarus.
AFK Sistema owns 52.8% of the company’s shares, while 46.7% are in
circulation on the New York Stock Exchange and European OTC markets
and Russian markets. MTS board members and management own 0.5%.