ARMENIAN GOVERNMENT RENOUNCES ITS RIGHT TO BUY 90% OF ARMENTEL’S SHARES
ArmInfo News Agency, Armenia
Nov 9 2006
The Armenian Government has renounced its right to buy 90% of
the shares of the ArmenTel telecom company (169,539,381 shares)
for 341,888,105 EUR sold by the present owner of the company, OTE
(Greece), to Russian Vympelcom.
The press service of the Armenian Government, the Government had this
right according to ArmenTel’s regulations, the law on JSCs and the
contract with OTE. The government has instructed Finance and Economy
Minister Vardan Khachatryan and Chief of Tax Service Felix Tsolakyan
to amicably settle all tax disputes with ArmenTel.