RUSSIAN ROSTELECOM PURCHASED ARMENIAN OPERATOR GNC-ALFA

news.am
February 02, 2012 | 19:35

MOSCOW. – Russian national telecommunications operator Rostelecom
CJSC purchased 75% shares of the Armenian operator on main Internet
and data transmission GNC-Alfa for $22.5 million, Russian company’s
release reads.

Having the control over GNC-Alfa will allow Rostelecom to acquire a
well-developed basic infrastructure to offer broadband services and
digital TV in the telecommunications market in Armenia, which has a
great potential to expand.

To note, Rostelecom disclosed its intentions to purchase shares
of GNC-Alfa main internet operator in Armenia on Jan. 13. GNC-Alfa
makes 2% in the broadband market in Armenia. However, the company
intends also to purchase major independent Internet provider Ucom
(11% of broadband market), thus Rostelecom’s shares in the broadband
market in Armenia will make 13% in future.