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Armenia's K-Telecom buys 100 mln euros of equipment

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  • Armenia's K-Telecom buys 100 mln euros of equipment

    Armenia's K-Telecom buys 100 mln euros of equipment

    Prime-Tass English-language Business Newswire
    February 11, 2005

    YEREVAN, Feb 11 (Prime-Tass) -- K-Telecom, Armenia's second-largest
    mobile operator, has bought equipment worth 100 million euros,
    Andranik Manukyan, Armenia's Transport and Telecommunications Minister,
    said Friday.

    The equipment is expected to be shipped to Armenia in the near future,
    he said.

    Currently, K-Telecom has been holding negotiations with Armenian
    national telecom company ArmenTel regarding cooperation on Armenia's
    mobile market, he said, adding that ArmenTel uses the 25 MHz frequency,
    which is expected to be divided between the operators.

    Starting May, K-Telecom is expected to start providing services in
    Yerevan, he said.

    In November 2004, the Armenian government had awarded a license
    to K-Telecom to become the country's second mobile operator, after
    removing ArmenTel's exclusive right to provide GSM, mobile satellite
    and mobile radio communication services by amending the company's
    license. End
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