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No Increase In Price For Fixed-Line Telephone Expected In Armenia

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  • No Increase In Price For Fixed-Line Telephone Expected In Armenia

    NO INCREASE IN PRICE FOR FIXED-LINE TELEPHONE EXPECTED IN ARMENIA

    ARKA
    June 20, 2008

    YEREVAN, June 20. /ARKA/. ArmenTel company is not planning to increase
    prices for fixed-line communication, General Director of ArmenTel
    closed joint stock company (Beeline brand) Neycho Velichkov told
    journalists. The company has no intention to reduce the monthly
    no-charge call limit either, he said.

    Yet, he reported, the company is negotiating with the Public Services
    Regulatory Commission over possible balancing of the current prices.

    "We understand that prices for telecommunication services are falling,
    and that the Armenian market has great opportunities for growth, but
    this does not mean than we have to constantly subsidize one direction
    of our activities at the expense of other services," Velichkov said.

    He pointed out that the company intends to go back to the system
    of balanced prices among others through expansion of the range of
    services offered.

    The current price for fixed-line telephone communication is 1,100 drams
    including VAT (about $3.15) for population and 4,800 drams (about $14)
    for organizations. No-charge call limit is 360 minutes for digital
    lines. After that, the cost is 5drams per minute starting from the
    361st minute and 9drams per minute starting from the 1601st minute.

    "ArmenTel" closed joint stock company is a daughter enterprise
    of "Vimpelcom" Russian telecommunication company (Beeline
    trademark). It provides services to about 640,000 subscribers of
    stationary communication and over 450,000 subscribers of mobile
    communication. ($1=304.59drams).
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