GREEK TELECOMM CORPORATION PLANS TO GAIN 77 MILLION DOLLARS IN ARMENIA BY 2003
21.07.2000, MEDIAMAX, YEREVAN. The Greek State Telecommunications Corporation (OTE) plans to gain more than 77 million dollars in Armenia by 2003. OTE owns 90% of the stocks of "ArmenTel" Co. - the monopolist of the telecomm sphere of Armenia.
The statement of OTE says that the profits of "ArmenTel" in the first quarter of 2000 made 4.2 million dollars, reports ANA. Moreover, OTE has declared that by 2003 the number of mobile telephony users will exceed 70.000 in the country.
Meanwhile, the Government of Armenia has repeatedly stated its discontentment with ArmenTel, which doesn't carry out its investment duties. "If by September 3, 2000 "ArmenTel" is not able to carry out the responsibilities taken by it, then a session of the council of directors will be held in Greece, at which a final decision on this issue will be taken", stated the Minister of transport and communications of Armenia Edward Madatian on July 13. -0-
The statement of OTE says that the profits of "ArmenTel" in the first quarter of 2000 made 4.2 million dollars, reports ANA. Moreover, OTE has declared that by 2003 the number of mobile telephony users will exceed 70.000 in the country.
Meanwhile, the Government of Armenia has repeatedly stated its discontentment with ArmenTel, which doesn't carry out its investment duties. "If by September 3, 2000 "ArmenTel" is not able to carry out the responsibilities taken by it, then a session of the council of directors will be held in Greece, at which a final decision on this issue will be taken", stated the Minister of transport and communications of Armenia Edward Madatian on July 13. -0-
