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PRESS: SISTEMA BIDS FOR 90% IN ARMENIA'S ARMENTEL
Cellular-News, UK
June 5 2006
MOSCOW, June 5 (Prime-Tass) -- Major Russian holding AFK Sistema has
filed a bid to participate in the tender of a 90% stake in Armenian
fixed-line and mobile operator ArmenTel, Sistema's Chairman Vladimir
Yevtushenkov said, Vedomosti business daily reported Monday.
The stake is currently owned by Greece's OTE, which said in late April
that it planned to sell the stake. The remaining 10% in ArmenTel is
held by the Armenian government.
Neither OTE, nor Sistema have indicated the price for the possible
purchase. An analyst with MDM-Bank estimated the price of the 90%
stake at U.S. $140 million, the daily reported.
Meanwhile, Russia?s largest mobile operator Mobile TeleSystems (MTS),
a subsidiary of Sistema, has opted out of a tender for a 70% stake
in Serbia and Montenegroen mobile operator Mobi 63, Yevtushenkov
said, the daily reported. MTS said in mid-May that it had applied to
participate in the tender.
ArmenTel is a fixed-line and long-distance monopoly in Armenia. It
also had a monopoly on mobile services until mid-2005. ArmenTel's
fixed-line subscriber base stands at about 600,000 users and its
mobile subscriber base at about 330,000 users.
Armenia's population amounts to about 3.2 million people, of which
about 20% use mobile services.
ArmenTel's revenue totaled $145.3 million in 2005, while its net
profit stood at $55.9 million, the daily reported.
Cellular-News, UK
June 5 2006
MOSCOW, June 5 (Prime-Tass) -- Major Russian holding AFK Sistema has
filed a bid to participate in the tender of a 90% stake in Armenian
fixed-line and mobile operator ArmenTel, Sistema's Chairman Vladimir
Yevtushenkov said, Vedomosti business daily reported Monday.
The stake is currently owned by Greece's OTE, which said in late April
that it planned to sell the stake. The remaining 10% in ArmenTel is
held by the Armenian government.
Neither OTE, nor Sistema have indicated the price for the possible
purchase. An analyst with MDM-Bank estimated the price of the 90%
stake at U.S. $140 million, the daily reported.
Meanwhile, Russia?s largest mobile operator Mobile TeleSystems (MTS),
a subsidiary of Sistema, has opted out of a tender for a 70% stake
in Serbia and Montenegroen mobile operator Mobi 63, Yevtushenkov
said, the daily reported. MTS said in mid-May that it had applied to
participate in the tender.
ArmenTel is a fixed-line and long-distance monopoly in Armenia. It
also had a monopoly on mobile services until mid-2005. ArmenTel's
fixed-line subscriber base stands at about 600,000 users and its
mobile subscriber base at about 330,000 users.
Armenia's population amounts to about 3.2 million people, of which
about 20% use mobile services.
ArmenTel's revenue totaled $145.3 million in 2005, while its net
profit stood at $55.9 million, the daily reported.