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Rostelecom to invest $26 mln, launch Multimedia Center in Gyumri

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  • Rostelecom to invest $26 mln, launch Multimedia Center in Gyumri

    Rostelecom to invest $26 mln, launch Multimedia Center in Gyumri

    October 5, 2013 - 14:01 AMT


    PanARMENIAN.Net - Russia's leading long-distance telephony provider
    Rostelecom plans to invest $26 million in Armenia by 2017.

    At the meeting with Prime Minister Tigran Sagsyan, the company's
    president Sergey Kalugin gave high assessment to Armenia's
    communication infrastructures, also presenting Rostelecom's investment
    programs.

    According to Kalugin, the company plans to extend its services to a
    number of Armenian towns.

    The parties further discussed Rostelecom's possible involvement in the
    venture fund and the operating free trade zone in Armenia.

    The Prime Minister, in turn, hailed the company's activities in
    Armenia, expressing government's readiness to promote Rostelecom
    projects' implementation.

    On Friday, October 4, Rostelecom OJSC and Economy Ministry signed an
    agreement for a launch of Multimedia Center at Gyumri Technopark.

    At ArmTech Congress in Yerevan, the agreement was signed by the CEO of
    "GNC-ALFA" CJSC (member of Rostelecom group of companies) Hayk
    Faramazyan and Armenian Economy Minister Vahram Avanesyan.

    "GNC-ALFA" CJSC was founded in 2007. The company became a member of
    Rostelecom group of companies in February 2012 and from 18 of December
    2012 it provides telecommunication service in the Republic of Armenia
    under `Rostelecom' brand as a subsidiary company.

    As one of the leading telecommunications companies Rostelecom Armenia
    already provides internet access and fixed telephony services with TV
    services available soon to both physical bodies and corporate clients.

    In 2012 the company invested in network development successfully
    implementing `Fiber to the home' technology in 11 cities and from
    December retail sales are being made in five cities of RA. The company
    plans to expand its activities in retail sales for 2013-2014 through
    all cities of RA, including capital of Yerevan.

    The network of Rostelecom Armenia is solely based on fiber-optic cable
    (FOC) infrastructure covering 80% of the territory of RA and spreading
    for over 2500km. It is connected to region's main terrestrial networks
    and largest traffic exchange nodes as well as international channels
    of Iran and Georgia.

    Corporate client list of the company includes not just a number of
    local Banks and Corporations, but also the Government of Republic of
    Armenia, State institutions and International organizations.

    http://www.panarmenian.net/eng/news/170896/

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