Armentel Stripped Of Its Monopoly Rights

ARMENTEL STRIPPED OF ITS MONOPOLY RIGHTS

Panorama.am
14:41 01/10/2007

"ArmenTel" is stripped of all its monopoly rights as of today since
today the decision of Public Services Regulatory Committee enters
into force. Adopted on August 24, this decision abolishes exclusive
rights of ArmenTel in basic and non-basic services, including voice
over internet service. By doing so, the commission aims to liberalize
the e-communication market in the republic.

The decision of the commission was conditioned by an arrangement with
"VimpelCom" to put down monopoly rights while the company was buying
"ArmenTel."

Currently, "VimpelCom" is the sole owner of "ArmenTel" closed joint
stock company.