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Russian Rostelecom Purchased Armenian Operator GNC-Alfa

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  • Russian Rostelecom Purchased Armenian Operator GNC-Alfa

    RUSSIAN ROSTELECOM PURCHASED ARMENIAN OPERATOR GNC-ALFA

    news.am
    February 02, 2012 | 19:35

    MOSCOW. - Russian national telecommunications operator Rostelecom
    CJSC purchased 75% shares of the Armenian operator on main Internet
    and data transmission GNC-Alfa for $22.5 million, Russian company's
    release reads.

    Having the control over GNC-Alfa will allow Rostelecom to acquire a
    well-developed basic infrastructure to offer broadband services and
    digital TV in the telecommunications market in Armenia, which has a
    great potential to expand.

    To note, Rostelecom disclosed its intentions to purchase shares
    of GNC-Alfa main internet operator in Armenia on Jan. 13. GNC-Alfa
    makes 2% in the broadband market in Armenia. However, the company
    intends also to purchase major independent Internet provider Ucom
    (11% of broadband market), thus Rostelecom's shares in the broadband
    market in Armenia will make 13% in future.

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