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CEO: Orange Armenia To Invest $50 Mln In Network Devt In 2010

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  • CEO: Orange Armenia To Invest $50 Mln In Network Devt In 2010

    CEO: ORANGE ARMENIA TO INVEST $50 MLN IN NETWORK DEVT IN 2010

    Prime-Tass English-language Business Newswire
    May 6, 2010 Thursday 4:37 PM EET
    Russia

    France Telecom's Armenian mobile subsidiary Orange Armenia plans
    to invest U.S. $50 million in network development in 2010, Orange
    Armenia CEO Bruno Duthoit said at a news conference Thursday.

    Orange Armenia expects its mobile network to cover 93% of the territory
    of Armenia by August, expanding the coverage from the current 83%,
    Duthoit said.

    The company, which started mobile operations in November 2009, plans
    to become profitable by mid-2011, according to Duthoit.

    In November 2009, France Telecom said it would invest a total of 150
    million euros in Armenia in 2009-2011.
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