ORANGE ARMENIA HAS NO FINANCIAL LIABILITIES TO ARMENIAN REALTOR IMMOBILIARE

ArmInfo
2009-10-19 16:48:00

ArmInfo. Orange Armenia has no financial liabilities to the Armenian
realtor Immobiliare, Orange Armenia told ArmInfo regarding the judicial
proceedings initiated by the Armenian Real Estate Agency Immobiliare.

Immobiliare is engaged in search of territories for Orange Armenia and
receives the payment for the first month of leasing as compensation.

Orange Armenia representatives say one of the contracts on leasing was
made without participation of Immobiliare. The area in the Northern
Avenue is in question. Leasing of the area is much more expensive than
leasing of other territories Immobiliare has offered to Orange. The
claim against the owner of the territory is at the initial stage of
consideration at the court. Immobiliare representatives hope Orange
Armenia being a subsidiary of France Telecom will follow high standards
of business making. Orange press-service reported that Orange-Armenia
CJSC and Immobiliare CJSC have never signed any contract on provision
of services. Immobiliare offered territories to Orange Armenia without
financial liabilities by Orange. These liabilities assumed the owners
of the territories.

Thus, Orange Armenia has no financial or legal, verbal or written
liabilities to Immobiliare. The realtor has involved Orange Armenia
into groundless judicial proceedings. Orange Armenia must not be a
respondent. Nevertheless, before completion of the proceedings, any
public condemnation may be considered pressure on the country. Orange
Armenia operates fairly and transparently in all its business relations
and is not concerned about anything waiting for the decision by the
court, the report says.

Orange Armenia won the tender for provision of mobile communication
services in Armenia in October 2008. It will probably start providing
services till the end of 2009. At present there are two mobile
operators in Armenia: ArmenTel (Beeline) and K-Telecom (VivaCell-MTS).