Armenian Government Not Aware Of ArmenTel Tender Results

ARMENIAN GOVERNMENT NOT AWARE OF ARMENTEL TENDER RESULTS

PanARMENIAN.Net
11.10.2006 14:43 GMT+04:00

/PanARMENIAN.Net/ The Armenian Government has not received any document
from OTE Greek Company on the results of the tender on selling 90%
of shares of ArmenTel telecommunication company, Minister of Transport
and Communication Andranik Manukyan said. In his words, in compliance
with the law, OTE Greek Company has to officially inform about the
outcomes of the contest. "The OTE has not addressed the Government
yet. When they do I can say exactly which proposals they have made
and which company the Government prefers," the Minister said. "HSBC is
dealing with the issue. It is the business of OTE whom they will sell
their shares, however, the agreement of the Government is necessary,"
Andranik Manukyan said. According to unofficial reports 90% of
ArmenTel shares, owned by OTE, were sold to Arab consortium Emirates
Telecommunications Corporation (ETISALAT)/Istithmar PJSC/Emergent
Telecom Ventures (ETV) at $600 million, reports IA Regnum.

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