VivaCell-MTS To Invest 95 Mln Dollars In Development Of Telecommunic

VIVACELL-MTS TO INVEST 95 MLN DOLLARS IN DEVELOPMENT OF TELECOMMUNICATION NET IN ARMENIA IN 2009

ArmInfo
2009-01-29 18:12:00

Arminfo. According to the preliminary account VivaCell-MTS company is
going to invest 95 mln dollars in development of telecommunication net
in Armenia in 2009, Director General of the company Ralph Yirikian
told journalists at today’s press-conference. He also added that in
2008 the company invested 65 mln dollars.

He said that even more competitive services will be offered to the
Armenian market in year 2009 with the launch of 3G network. "Enhanced
with the launch of HSDPA, 3G network will provide the Company with
a very important platform for delivering high quality and innovative
services to its customers", – he said and recalled that total sum of
the paid tax amounted to 30,8 bln drams against 15,5 bln in 2007.

‘VivaCell-MTS’ revenue was 75 mln dollars in the third quarter 2008. It
is by 22% more than in the second quarter.

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

Direct link to this article: https://www.armenianclub.com/2009/01/30/vivacell-mts-to-invest-95-mln-dollars-in-development-of-telecommunic/

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS