December 22, 2003 - 19:28 AMT
SYSTEM TELECOM RUSSIAN HOLDING DOES NOT PLAN IMMEDIATE ENTRY TO ARMENIAN TELECOMMUNICATION MARKET
Armenia is in the field of vision of our interests, however we do not have any plans for the immediate entry to the Armenian market, deputy director of the System Telecom (on which the MTN cellular network operator serves) Alexander Voronets stated, Mediamax agency reports. At the same time he expressed the opinion that the dispute available between the Armenian government and OTE International Greek company, 90% shareholder of ArmenTel, will not alienate the potential investors in the republic's telecommunication sphere. "Entering the Armenian market OTE had no ground to believe the promises about preserving the ArmenTel's monopoly during 15 years. It contrasts with the conditions of developing the sphere of communication", - A. Voronets stated. To remind, the other day OTE International Greek company announced about the wish to sell 90% of the shares of Armenia's telecommunication monopolist, ArmenTel company.