GREECE’S OTE INVITES 4 BIDS FOR ARMENIAN UNIT
AFX Europe (Focus)
Jun 22, 2006
LONDON (AFX) – Greece’s Hellenic Telecomms (OTE) said that it had
invited four companies to the next phase of the sale process of its 90
pct stake in unit ArmenTel, the incumbent telecommunications operator
in Armenia.
The company invited bids from AO Vimpelcom; Mobile Telesystems
(MTS) OJSC; the consortium Emirates Telecommunications Corporation
(ETISALAT), Istithmar PJSC and Emergent Telecom Ventures (ETV); as
well as the consortium of VTEL Holdings and Knightsbridge Associates.
OTE said that it had initially received a total of 10 non-binding
offers.