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Russia's MTS officially launches 3G network in Armenia

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  • Russia's MTS officially launches 3G network in Armenia

    Interfax, Russia
    April 17 2009


    Russia's MTS officially launches 3G network in Armenia

    MOSCOW


    K-Telecom, the Armenian subsidiary of Russia's Mobile TeleSystems
    (MTS), has officially launched a 3G network in Armenia on a commercial
    basis, MTS said in a statement.

    At present, the 3G network covers Armenia's largest cities - Yerevan,
    Gyumri and Vanadzor.

    MTS plans to launch the network in all Armenian cities by the end of
    2009.

    MTS is the largest mobile operator in Russia and the CIS by subscriber
    numbers. It serves over 95 million subscribers in Russia, Ukraine,
    Uzbekistan, Turkmenistan, Armenia and Belarus.

    AFK Sistema owns 52.8% of the company's shares, while 46.7% are in
    circulation on the New York Stock Exchange and European OTC markets
    and Russian markets. MTS board members and management own 0.5%.
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