CORRECTING and REPLACING Joint Press Announcement by the Government of
the Republic of Armenia, Hellenic Telecommunications Organization and
Armenia Telephone Company – ARMENTEL
ATHENS, Greece–(BUSINESS WIRE)–06/28/2004–Please replace the
release with the following corrected version due to multiple
revisions.
The corrected release reads:
JOINT PRESS ANNOUNCEMENT BY THE GOVERNMENT OF THE REPUBLIC OF ARMENIA,
HELLENIC TELECOMMUNICATIONS ORGANIZATION AND ARMENIA TELEPHONE COMPANY
– ARMENTEL
The Government of the Republic of Armenia, Hellenic Telecommunications
Organization SA (NYSE:_OTE_ (aol://4785:OTE/) ) (ASE:_HTO_
(aol://4785:HTO/) ) and Armenia Telephone Company (ARMENTEL), jointly
announce the commencement of negotiations with a view to settling all
outstanding disputes between the parties. The Government of the
Republic of Armenia has made a decision to suspend the amendment of
License No. 60 issued to Armentel, until 28 September 2004 to
facilitate the conduct of the negotiations. The amendment of License
No. 60 relates to the granting of a second mobile telephony license
in Armenia
About OTE
OTE is a provider of public, fixed switch domestic and international
telephony services in Greece. With local, long distance and
international communications services in addition to mobile telephony,
Internet services, and high-speed data communications, OTE provides
consumers and businesses the ability to communicate globally through
its extensive network infrastructure. In addition, OTE has a number of
International investments in the South East European region and
addresses a potential customer base of 60 million people.
Listed on the Athens Stock Exchange, the company trades under the
ticker HTO as well as on the New York Stock Exchange under the ticker
OTE. In the U.S., OTE’s American Depository Receipts (ADR’s)
represents 1/2 ordinary share.
Additional Information is also available on
Forward-looking statement
Any statements contained in this document that are not historical
facts are forward-looking statements as defined in the U.S. Private
Securities Litigation Reform Act of 1995. All forward-looking
statements are subject to various risks and uncertainties that could
cause actual results to differ materially from expectations. The
factors that could affect the Company’s future financial results are
discussed more fully in the Company’s filings with the U.S.
Securities and Exchange Commission (the “SEC”), including the
Company’s Annual Report on Form 20-F for 2002 filed with the SEC on
June 30, 2003. OTE assumes no obligation to update information in this
release.
CONTACT:OTE Dimitris Tzelepis Head of Investor Relations, OTE Group
Tel: +30 210 611 1574 email: [email protected] or Kostas Bratsikas
Investor Relations Tel: +30 210 611 1428 email: [email protected] or
Taylor Rafferty London: +44 20 7936 0400 New York: +1 212-889-4350
email: [email protected]
SOURCE: OTE
06/28/2004 09:06 EASTERN
