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K-TELECOM NOT TO DELAY TERMS OF ITS PROGRAMS' IMPLEMENTATION
Noyan Tapan
March 26, 2009
YEREVAN, MARCH 26, NOYAN TAPAN. K-Telecom company, an operator
in Armenia's communication sector, will not delay the terms of
implementation of its programs, Director General of K-Telecom Ralph
Yirikian stated on March 25.
In his words, the company will continue its programs, taking steps
on reducing the expenditures and keeping the level of revenues.
R. Yirikian explained that the incomes of subscribers declined due
to the financial and economic crisis. The impact of the dram's
depreciation is that more financial resources must be collected
against the company's services in order to collect the same amount of
dollars as previosly for payments to foreign providers of services
and suppliers. At the same time, prices of some services have risen
in the domestic and foreign markets. In these conditions K-Telecom
is trying to keep the level of revenues - not by raising the prices
of services, but by reducing and delaying expenditures.
It was mentioned that K-Telecom's revenues declined by 13-13.5%
in the 4th quarter of 2008 on the same quarter of 2007.
Addressing the issue of provision of new services, the director general
of the company said that K-Telecom's new - 3G services are now being
tested in Yerevan, Gyumri and Vanadzor and it is envisaged to start
their provision in a few weeks. In his words, the company has a "rich
program" for provision of new services in 2009 as well. K-Telecom
currently has about 2 million 65 thousand subscribers.
Noyan Tapan
March 26, 2009
YEREVAN, MARCH 26, NOYAN TAPAN. K-Telecom company, an operator
in Armenia's communication sector, will not delay the terms of
implementation of its programs, Director General of K-Telecom Ralph
Yirikian stated on March 25.
In his words, the company will continue its programs, taking steps
on reducing the expenditures and keeping the level of revenues.
R. Yirikian explained that the incomes of subscribers declined due
to the financial and economic crisis. The impact of the dram's
depreciation is that more financial resources must be collected
against the company's services in order to collect the same amount of
dollars as previosly for payments to foreign providers of services
and suppliers. At the same time, prices of some services have risen
in the domestic and foreign markets. In these conditions K-Telecom
is trying to keep the level of revenues - not by raising the prices
of services, but by reducing and delaying expenditures.
It was mentioned that K-Telecom's revenues declined by 13-13.5%
in the 4th quarter of 2008 on the same quarter of 2007.
Addressing the issue of provision of new services, the director general
of the company said that K-Telecom's new - 3G services are now being
tested in Yerevan, Gyumri and Vanadzor and it is envisaged to start
their provision in a few weeks. In his words, the company has a "rich
program" for provision of new services in 2009 as well. K-Telecom
currently has about 2 million 65 thousand subscribers.