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Sistema Telecom Eyeing CIS Acquisitions

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  • Sistema Telecom Eyeing CIS Acquisitions

    SISTEMA TELECOM EYEING CIS ACQUISITIONS

    RosBusinessConsulting, Russia
    April 10 2006

    RBC, 10.04.2006, Yerevan 15:53:15.Sistema Telecom (a Sistema
    Corporation subsidiary) is interested in buying telecom assets in
    the CIS, including Armenia's ArmenTel, ARMINFO quoted Sistema's PR
    Director Anna Boyko as saying when asked about Sistema's prospective
    purchase of a 90-percent stake in the Armenian operator from Greece's
    OTE. At the same time she stressed it was still premature to talk of
    any specific plans regarding ArmenTel.

    OTE management recently issued an official statement about their
    intention to sell the stake in the Armenian telecom. Analysts assess
    the deal to be worth at least $350m.
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