10% of ArmenTel Shares Passed to Management of Minister Communication of Armenia

November 3, 2006 - 15:10 AMT
PanARMENIAN.Net - During a session yesterday the Armenian Government passed the authorities on management of 10% of shares of ArmenTel telecommunication company, held by the Government, to Minister of Transport and Communication Andranik Manukyan, reports the Press Office of the Government. The decision is adopted by the Armenian Government in compliance with the Law on Joint-Stock Companies.



ArmenTel is the major telecommunication company of Armenia. 90% of its shares are held by OTE Greek company, while the Government has 10%. This year OTE announced a tender to sell its shares. 16 companies took part in it. Russian VimpelCom and MTC, as well as ETISALAT (Emirates Telecommunications Corporation/Istithmar ETV -Emergent Telecom Ventures) и VTEL Holdings/Knightsbridge Associates passed to the second round of the tender, the results of which are not announced yet.
 Top stories
Azerbaijani President travels to MoscowAzerbaijani President travels to Moscow
Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin.
Azerbaijan admits death of 192 soldiers in Karabakh offensiveAzerbaijan admits death of 192 soldiers in Karabakh offensive
Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive.
Azerbaijan increasing defense spending for 2023 by $650 millionAzerbaijan increasing defense spending for 2023 by $650 million
In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million).
Moscow could recognize those who speak Russian as Moscow could recognize those who speak Russian as "compatriots"
The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot".
Partner news
 Articles
Compassion is key, no matter what

An Italian photojournalist’s journey through the pandemic

 Most popular in the section
Global toll of mysterious hepatitis in children rises to 650 cases
Monkeypox does not pose a Covid-style risk, top health execs say
Sinjar becomes latest flashpoint for Iran-Turkey tensions in Iraq
Turkey-Syria earthquake death toll passes 15,000
Home
All news
Overview: Armenia and world
Archive for November 3, 2006
Other news in this section
  Related sections
Economy
 Latest news
Ucom Celebrates Telecommunication Day May 17 commemorates the founding of the International Telecommunication Union on May 17, 1865.
Armenian, Azerbaijani heads of parliament meet in Switzerland President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova.
Border residents overnight on highway to protest Armenia’s Residents of Kirants continue to express outrage over the government’s decision to cede land to Azerbaijan.
Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers.
---