MTS To Be Going To Purchase 90% Stake In Largest Armenian GSM-Operat

MTS TO BE GOING TO PURCHASE 90% STAKE IN LARGEST ARMENIAN GSM-OPERATOR
RIA OREANDA
Economic News
June 5, 2006 Monday
Moscow. OREANDA. The largest Russian cellular company in the CIS –
Mobile Telesystems (MTS) made an application on purchase of 90 %
stake in the largest Armenian GSM-operator ArmenTel from Greek
telecommunication group OTE.
OTE has got 90 percent of shares of ArmenTel at the international
competition in the end of 1997, having received also a monopoly on
granting telecommunication services within 15 years.
According to ACM-Consulting by the beginning of 2006 ArmenTel has been
serving more than 321,000 subscribers. The second cellular operator
of Armenia – VivaCell – serves approximately 300,000.

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/2006/06/06/mts-to-be-going-to-purchase-90-stake-in-largest-armenian-gsm-operat/

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