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EBRD FINANCING TO EXPAND BROADBAND INTERNET SERVICES IN ARMENIA
The Financial, Georgia
Oct 13 2011
The FINANCIAL -- The EBRD is supporting the development of the
telecoms, information and media sector in Armenia with a US$ 2.2
million quasi-equity investment in Interactive TV LLC, a digital cable
TV service provider, and one of the capital Yerevan~Rs largest media
delivery companies.
Interactive TV was founded in 2006 and was Yerevan~Rs first cable
television supplier with a substantial share of the capital~Rs digital
cable television market.
EBRD financing will enable the company to build on its existing
footprint and diversify its products by expanding into more districts
of the city and by offering broadband internet services.
~SWe are delighted to have a reputable organisation such as the EBRD
supporting us in our future development plans. We hope to grow into
one of the leading multi-service telecoms, informatics and media
companies in Armenia, while continuing to serve our clients,~T said
Avetik Kalantaryan, the CEO of Interactive TV.
The EBRD is one of the largest investors in Armenia. Since the start
of its operations in the country in 1992, the EBRD has invested more
than US$ 600 million in 101 projects in the financial, corporate,
energy and infrastructure sectors, with 92 per cent of projects
representing investment in the private sector.
http://finchannel.com/news_flash/World/96505_EBRD_financing_to_expand_broadband_internet_ services_in_Armenia/
The Financial, Georgia
Oct 13 2011
The FINANCIAL -- The EBRD is supporting the development of the
telecoms, information and media sector in Armenia with a US$ 2.2
million quasi-equity investment in Interactive TV LLC, a digital cable
TV service provider, and one of the capital Yerevan~Rs largest media
delivery companies.
Interactive TV was founded in 2006 and was Yerevan~Rs first cable
television supplier with a substantial share of the capital~Rs digital
cable television market.
EBRD financing will enable the company to build on its existing
footprint and diversify its products by expanding into more districts
of the city and by offering broadband internet services.
~SWe are delighted to have a reputable organisation such as the EBRD
supporting us in our future development plans. We hope to grow into
one of the leading multi-service telecoms, informatics and media
companies in Armenia, while continuing to serve our clients,~T said
Avetik Kalantaryan, the CEO of Interactive TV.
The EBRD is one of the largest investors in Armenia. Since the start
of its operations in the country in 1992, the EBRD has invested more
than US$ 600 million in 101 projects in the financial, corporate,
energy and infrastructure sectors, with 92 per cent of projects
representing investment in the private sector.
http://finchannel.com/news_flash/World/96505_EBRD_financing_to_expand_broadband_internet_ services_in_Armenia/