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Sindikat Telekoma "Srbija" SO MG Smederevo

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22.12.2007.

OTE prodao svoj udeo u ARMENIATEL 16.NEVEMBRA 2006.godine

History

The telecommunication network of the Soviet Republic of Armenia was regulated by the Ministry of Communication and Post and was under the operations of Yerevan Telephone Network and Republican Telephone Network.

In 1995 the Ministry of Communications of Armenia decided to form an equity joint venture Armenia Telephone Company ("ArmenTel"), 49% of which was owned by a U.S. firm, Trans-World Telecom and 51% by the Government of Armenia. ArmenTel was operating as a regulated monopoly in international telecommunications market. Further, ArmenTel became the sole representative for Armenia in all corresponding relations, satellite organizations, such as Intelsat, and regulatory bodies such as the ITU.

In 1996 the "Yerevan Telephone Network" state enterprise was merged with ArmenTel aiming to create, develop and operate a new Armenian local and international fixed, mobile telecommunications networks.

In 1997 in order to keep balanced development of the telecommunication network and for achieving unified developed telecommunication systems in Armenia the "Armenia Telephone Network" state enterprise was merged with ArmenTel.

In 1998 a new stage of development started for ArmenTel. OTE (Hellenic Telecommunications Organizations SA) privatized 90 % of ArmenTel shares, whereas 10% is still owned by the Government of Republic of Armenia.

According to the terms of Share Purchase Agreement and granted License N 60 ArmenTel is obliged to:
• make concrete investments in established period
• reconstruct and develop the telecommunication infrastructure, digitalization of the network, introduction and development of mobile telecommunication systems.

Whereas ArmenTel has rights of:
• 15 year monopoly
• implementation of concrete approved initial tariffs
• RA Government ’s protection of the operators (licensee) rights.

In the years 1998 – 2003 ArmenTel has made an investment of about 200 mln USD for reconstruction and development of telecommunication infrastructure of Armenia.

On November 16, 2006 VimpelCom Company became 90% shareholder of ArmenTel Company.

VimpelCom Company is mobile communication leading operator, which operates in 78 regions of Russia, Ukraine, Kazakhstan, Tajikistan, Uzbekistan and Georgia.

VimpleCom aims:
• To turn ArmenTel into leading company in the mobile communication market of Armenia
• To provide qualitative and wide choice of services through modern technologies in fixed communication market of Armenia.