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UAE Firm In Bid For OTE Stake In Armenian Telecom Firm

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  • UAE Firm In Bid For OTE Stake In Armenian Telecom Firm

    UAE FIRMS IN BID FOR OTE STAKE IN ARMENIAN TELECOM FIRM

    Asia Pulse
    June 26, 2006 Monday 4:17 PM EST

    ABU DHABI June 26

    A group including firms from the United Arab Emirates (UAE)'s has been
    shortlised by the Greek telecom provider OTE for the sale of its 90
    per cent stake in Armenian telecom firm Armentel, according to reports.

    The group includes UAE firms Emirates Telecommunications Corporation
    (Etisalat), Istithmar and Emergent Telecom Ventures (ETV).

    The group is among four shortlisted bidders, said the Sharjah-based
    Gulf Today.

    Russia's Mobile TeleSystems (MTS) and Vimpelcom, VTEL Holdings and
    Knightsbridge Associates are the other bidders, it said.
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