Government Has no Specified Position in Issue of Selling Armentel

AZG Armenian Daily #064, 08/04/2006

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GOVERNMENT HAS NO SPECIFIED POSITION IN ISSUE OF SELLING ARMENTEL

The Greek OTE Company informed on its website about the decision to
sell 90% of ArmenTel shares. Hasmik Chutilian, press secretary of
ArmenTel also confirmed this information. She added that OTE informed
RA Government about its decision, according to the License #60 the
company was given.

Neither RA Transport and Communication Ministry nor RA Government’s
Press Service responded our question about the position of RA
government on this decision of OTE. We can suppose that the government
hasn’t discussed this issue yet, and has no position.

While the government is specifying its position, rumors already
circulate about the probable buyers of ArmenTel. Thus, the Russian
Rostelecom, Vimpelcom, MTS and Megaphone may buy the company. But this
is a mere supposition. First of all, OTE has only announced about its
decision to sell ArmenTel and the process of selling such a large
company lasts long because of documentation issues. It’s noteworthy
that OTE bought ArmenTel for $142 million, and at present the company
costs much more, as large-scale investments have been done here. It’s
not excluded that RA Government will have its own “candidate” for
carrying out purchase of ArmenTel.

By Ara Martirosian

From: Emil Lazarian | Ararat NewsPress

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