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Alcatel, Armentel Sign 2 Million Euros Contract

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  • Alcatel, Armentel Sign 2 Million Euros Contract

    ALCATEL, ARMENTEL SIGN 2 MILLION EUROS CONTRACT

    YEREVAN, OCTOBER 1, ARMENPRESS: ALCATEL, the French giant
    manufacturer of telecommunication equipment, signed September 28 in
    Paris with Armenia's fixed and mobile telephone operator ArmenTel a 2
    million euros contract, envisaging modernization and expansion of
    ArmenTel's regional network.

    Under the contract Alcatel will deliver modern digital switching
    exchanges to be installed in Stepanavan and Gyumri. New technology
    will speed up the process of creating a modern telecommunication
    infrastructure system for around 235,000 people living in Armenia's
    northern regions. The project will also help ArmenTel to radically
    increase the quality of its services. The project is expected to be
    over in 2005 August.

    "Building of a modern telecommunication infrastructure in Armenia
    is of crucial importance for our company. We rely upon the high
    quality and reliability of Alcatel equipment. We shall have to work
    hard in order to provide high quality services to our clients and be
    able to compete with other operators," Vasileios Fetsis, the chief
    executive manager of ArmenTel said.

    Gerard Der Agobian, a regional vice-president of Alcatel said the
    new contract opens a new era of cooperation with ArmenTel. "We are
    happy to make our contribution to the development of Armenia's
    telecommunications market. We want a long-term cooperation with
    Armenia," he said.

    ArmenTel shareholders are Greece's Hellenic Telecommunications
    Organizations SA (OTE) with 90% and Armenia's government with 10%.
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