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Armentel Loses Monopoly Over Internet In February 2007

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  • Armentel Loses Monopoly Over Internet In February 2007

    ARMENTEL LOSES MONOPOLY OVER INTERNET IN FEBRUARY 2007

    Yerevan, December 21. ArmInfo. Government of Armenia ratified a
    decree of the Public Services Regulatory Commission (PSRC), dated 18
    December 2006, on monopoly limit for CC ArmenTel in the Internet from
    1st February 2007. The decree concerned ArmenTel's data transformation
    and voice services as well.

    It is expected that ArmenTel will be deprived of other exclusive
    rights such as IP- telephony and wire connection by November 2007.

    Complete liberalization of Armenian telecommunication market is a key
    condition of PC VimpelCom's negotiations with Armenian government on
    sale of governmental 10% of ArmenTel's shares. Presently, VimpelCom
    owns 90% of Armentel's shares.
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