Armenian telecom companies boost revenue in 2006

Interfax News Agency
Russia & CIS Business and Financial Newswire
February 1, 2007 Thursday 1:48 PM MSK

Armenian telecom companies boost revenue in 2006

Telecommunication companies in Armenia posted revenue of 126.16
billion dram in 2006, up 36.9%, the National Statistics Service told
Interfax.

Revenue from the sale of telecom services to the population surged
52.4% to 538.5 million dram.

Revenue increased 7% to 36.07 billion dram for fixed-line services
and 89.5% to 63 billion for mobile phone services. Revenue from
postal and delivery services amounted to 2.52 billion, data transfer
revenue totaled 3.76 billion and TV and radio broadcasting revenue
was 2.93 billion dram.

The official exchange rate on January 31 stood at 360.07 dram/$1.