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EBRD TO INVEST US$2.2M IN ARMENIAN DIGITAL CABLE TV SERVICE PROVIDER
PanARMENIAN.Net
October 15, 2011 - 15:46 AMT
PanARMENIAN.Net - The EBRD is supporting the development of the
telecoms, information and media sector in Armenia with a US$ 2.2
million quasi-equity investment in Interactive TV LLC, a digital cable
TV service provider, and one of Yerevan~Rs 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 organization 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.
From: Baghdasarian
PanARMENIAN.Net
October 15, 2011 - 15:46 AMT
PanARMENIAN.Net - 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 Yerevan~Rs 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 organization 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.
From: Baghdasarian