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Armentel Pays $400,000 Fine

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  • Armentel Pays $400,000 Fine

    ARMENTEL PAYS $400,000 FINE

    YEREVAN, SEPTEMBER 5. ARMINFO. The ArmenTel telecom company has paid
    to the state budget 157.6 mln AMD (almost $400,000) as a fine.

    The press service of the State Commission for Economic Competition
    Protection says that the relevant document was submitted to the
    commission today.

    To remind, Aug 1 2005 the Armenian Government fined ArmenTel for 1%
    of its turnover of 2004 ($400,000) for monopoly abuse and low quality
    mobile service.
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