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VimpelCom To Continue Rendering Statuionary Telephone Communication

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  • VimpelCom To Continue Rendering Statuionary Telephone Communication

    VIMPELCOM TO CONTINUE RENDERING STATUIONARY TELEPHONE COMMUNICATION SERVICES IN ARMENIA

    ARKA
    April 7, 2008

    YEREVAN, April 7. /ARKA/. The Russian VimpelCom Company, full owner
    of the ArmenTel Company, has no intention to stop rendering stationary
    telephone communication services in Armenia.

    Dmitry Pleskonos, VimpelCom Vice-President for Business Development
    in the CIS, reported that the issue of selling this business was
    removed from the agenda long ago.

    According to him, Armenia has become a "pioneer" in stationary
    communication services for the company. However, the purchase of
    the Golden Telecom Inc, one of the leading providers of integrated
    telecommunication and Internet services, by VimpelCom this February
    suggests the company's intention to expand the field of activities.

    "Moreover, we are setting ourselves a serious strategic task of
    developing a convergent network in Armenia, which will allow us to
    develop the stationary network in the country," Pleskonos said.

    The VimpelCom Group of Companies comprises companies rendering
    communication services in Russia, Kazakhstan, Ukraine, Tajikistan,
    Uzbekistan, Georgia and Armenia - an area with an approximate
    population of 250mln.

    According to the VimpelCom Company's financial report, the current
    number of active customers is 442,500 - a 6.4% annual increase. The
    company covers 26.1% of Armenia's mobile communication market. The
    number of users of stationary communication in Armenia is 629,300,
    the average revenue per unit (ARPU) is $19.5 - a 5.4% increase.
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