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    Emil Lazarian
  • 1 year ago
    • Categories: 2023

Rostelecom abandons plans to sell Armenian business unit

Data Center Dynamics
March 21 2023

Instead plans to invest in the subsidiary

March 21, 2023 
By

 

Paul Lipscombe

Instead, Rostelecom plans to invest further in the company.ts Armenian business unit, Rostelecom Armenia (formerly GNC-ALFA).

Instead, Rostelecom plans to invest further in the company.

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It represents a U-turn from the company, which as recently as January had looked likely to sell its subsidiary to Electric Networks of Armenia (ENA) in a deal estimated to be worth $25 million.

“There is no issue of selling it anymore, we have decided to develop it actively," said Rostelecom president, Mikhail Oseevsky, as reported by Intel.am.

Rostelecom acquired GNC-Alpha shares back in 2012, taking a 75 percent stake in the company, which was founded in 2007, and provides Internet access, fixed telephony, IP TV, and other services in the country.

In October of last year, Rostelecom revealed it's considering the development of a new data center in Armenia, although there were no further details around location, specifications, or timelines, shared.

The company operates Russian data centers in Moscow, Novosibirsk, St. Petersburg, Udomlya, Yekaterinburg, and Chita. Further facilities are planned in Murmansk.

https://www.datacenterdynamics.com/en/news/rostelecom-abandons-plans-to-sell-armenian-business-unit/

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS