ARMENIAN GOVERNMENT PREPARED TO SELL ITS STAKE OF ARMENTEL<br /> BUT HAS NOT RECEIVED SUCH OFFER SO FAR<br />


ARMENIAN GOVERNMENT PREPARED TO SELL ITS STAKE OF ARMENTEL
BUT HAS NOT RECEIVED SUCH OFFER SO FAR

  • 08-11-2006 17:57:00   | Armenia  |  Economy
YEREVAN, NOVEMBER 8, NOYAN TAPAN. The Armenian government is prepared to sell its stake of ArmenTel to the new purchaser of the company. The RA Minister of Transport and Communication Andranik Manukian said during a talk with reporters on November 8 that the government will give up its 10% stake of the ArmenTel's shares if BeeLine company - part of the Russian company Vymplecom, which will buy 90% of ArmenTel's shares belonging to the Greek company OTE, in its turn renounces ArmenTel's exclusive rights. In response to reporters' question, the minister said that BeeLine has not yet made such an offer. Responding to the question about whether it is true that the Arab company - participant of the tender for sale of ArmenTel shares had offered 100 mln euros more for these shares, A. Manukian replied that he is not familiar with the package of the tender proposals. According to him, the new owner of ArmenTel will assume all the obligations of the company, including the obligation to provide 200 villages with digital phone communication. A. Manukian ruled out that a third operator may enter the Armenian mobile phone communication market until 2009.
  -   Economy