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Systema Co. Applied for Participation in Tender to Buy ArmenTel

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  • Systema Co. Applied for Participation in Tender to Buy ArmenTel

    PanARMENIAN.Net

    System Corporation Applied for Participation in Tender
    to Buy ArmenTel
    02.06.2006 20:27 GMT+04:00

    /PanARMENIAN.Net/ System Joint-Stock Financial
    Corporation (JSFC) has applied for participation in
    the tender for buying ArmenTel Armenian operator,
    Chair of the System JSFC Board of Directors Vladimir
    Yevtushenkov told journalists today. He noted that
    this asset is not a strategic one, «however from the
    point of view of the coverage area of all former
    Soviet Union countries, this acquisition makes sense,»
    reports IA Klekr.ru

    ArmenTel is the major telecommunication company of
    Armenia. Greek OTE Company holds 90% of its shares,
    while 10% belong to the Armenian Government.
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