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FT To Launch Armenian Venture In Autumn 2009

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  • FT To Launch Armenian Venture In Autumn 2009

    FT TO LAUNCH ARMENIAN VENTURE IN AUTUMN 2009

    TeleGeography
    Feb 2 2009
    DC

    France Telecom (Orange) aims to launch its new Armenian operation
    in autumn 2009, its CEO Didier Lombard is quoted as saying in an
    interview with the Armenia President, Mr. Serzh Sargsyan, on the
    margins of the World Economic Forum in Davos. Mr Lombard announced
    only scant details of the French firm's rollout plan, but did say
    that he expected the new services would be 'in demand'.

    According to TeleGeography's GlobalComms database, the French
    heavyweight was unveiled as the winner of Armenia's third mobile
    operator licence in October 2008, after submitting the highest bid in
    the ongoing tender process. The French telco was one of three groups
    shortlisted in August that year to participate in an international
    tender for the third mobile concession. Orange tendered roughly
    EUR51.5 million (USD72 million) for the concession, roughly five times
    the state's EUR10 million minimum asking price. The other bidders,
    Tele2 of Sweden and the UK-Irish group Blackrock Communications,
    bid EUR45.6 million and EUR31.7 million, respectively.
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