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

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.