Armenian Government Not Aware of ArmenTel Tender Results

PanARMENIAN.Net - The Armenian Government has not received any document from OTE Greek Company on the results of the tender on selling 90% of shares of ArmenTel telecommunication company, Minister of Transport and Communication Andranik Manukyan said. In his words, in compliance with the law, OTE Greek Company has to officially inform about the outcomes of the contest. "The OTE has not addressed the Government yet. When they do I can say exactly which proposals they have made and which company the Government prefers," the Minister said. "HSBC is dealing with the issue. It is the business of OTE whom they will sell their shares, however, the agreement of the Government is necessary," Andranik Manukyan said. According to unofficial reports 90% of ArmenTel shares, owned by OTE, were sold to Arab consortium Emirates Telecommunications Corporation (ETISALAT)/Istithmar PJSC/Emergent Telecom Ventures (ETV) at $600 million, reports IA Regnum.