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Willl Russian 'Systema Telecom' buy 'Armentel'

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  • Willl Russian 'Systema Telecom' buy 'Armentel'

    AZG Armenian Daily #086, 13/05/2005


    Telecommunication

    WILL RUSSIAN 'SYSTEMA TELECOM' BUY 'ARMENTEL'?

    The Russian "Systema Telecom" holding that includes MTC mobile operator,
    doesn't exclude the opportunity to purchase "ArmenTel." Mediamax agency
    informed that Vladimir Lagutin, head of "Systema Telecom", said in an
    interview to the Russian Vedomosty newspaper that they are thinking of
    purchasing "ArmenTel".

    Lagutin added that "Systema Telecom" is also interested in Magticom-Azercall
    mobile operators that functions in Georgia and Azerbaijan. Lagutin said that
    the goal of their company is to cover the whole territory of CIS.

    At the end of 2003, Alexander Vronets, deputy director of "Systema Telecom"
    stated that "Armenia was chosen out of the company's interests," adding that
    though they don's have any urgent program to enter the Armenian market.

    Recently, the heads of the Greek OTE have been stating for many times that
    they have the intention to sell 90% of the share of ArmenTel's stocks.
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