By Editor on March 26, 2007 · Leave a Comment
Telegeography writes…Armenian fixed and mobile operator ArmenTel, which is now owned by the Russian mobile communications firm Vimpelcom, says it has launched a pilot trial of GPRS services and now plans to introduce a commercial service within the next month.
Last week, CommsUpdate reported that the Armenian government had agreed to sell its 10% stake in national telecoms operator ArmenTel to Vimpelcom for EUR38 million (USD50.8 million). The deal will give the Russian operator full ownership of the Armenian PTO, following its acquisition of OTE of Greece’s 90% interest in November 2006 for EUR341.9 million, plus about EUR40 million of debt.
Wireless Mobile Telecom
By Editor on March 15, 2007 · Leave a Comment
| Mobile cellular subscribers |
| |
|
Cellular mobile subscribers |
As % of total |
| |
|
|
|
CAGR |
Telephone |
| |
|
(k) |
(%) |
subscribers |
| |
|
2000 |
2005 |
2000 – 05 |
2005 |
| 1 |
Algeria |
86 |
13’661.4 |
175.5 |
84.2 |
| 2 |
Angola |
25.8 |
1’611.1 |
128.6 |
94.3 |
| 3 |
Benin |
55.5 |
750 |
68.3 |
90.8 |
| 4 |
Botswana |
222.2 |
823.1 |
29.9 |
86.2 |
| 5 |
Burkina Faso |
25.2 |
633.6 |
90.5 |
87.4 |
| 6 |
Burundi |
16.3 |
153 |
56.5 |
78.4 |
| 7 |
Cameroon |
103.3 |
2’252.5 |
85.2 |
95.7 |
| 8 |
Cape Verde |
19.7 |
81.7 |
32.9 |
53.4 |
| 9 |
Central African Rep. |
5 |
100 |
82.3 |
90.9 |
| 10 |
Chad |
5.5 |
210 |
107.2 |
94.2 |
| 11 |
Comoros |
- |
16.1 |
- |
48.7 |
| 12 |
Congo |
70 |
490 |
47.6 |
96.9 |
| 13 |
Congo (Dem. Rep.) |
15 |
2’746.0 |
183.5 |
99.6 |
| 14 |
C´te d’Ivoire |
473 |
2’349.4 |
37.8 |
90.1 |
| 15 |
Djibouti |
0.2 |
44.1 |
186.1 |
80.3 |
| 16 |
Egypt |
1’359.9 |
13’629.6 |
58.6 |
56.7 |
| 17 |
Equatorial Guinea |
5 |
96.9 |
80.9 |
90.6 |
| 18 |
Eritrea |
- |
40.4 |
- |
51.7 |
| 19 |
Ethiopia |
17.8 |
410.6 |
87.4 |
40.2 |
| 20 |
Gabon |
120 |
652.3 |
40.3 |
94.3 |
| 21 |
Gambia |
5.6 |
247.5 |
113.3 |
84.9 |
| 22 |
Ghana |
130 |
2’842.4 |
85.3 |
89.8 |
| 23 |
Guinea |
42.1 |
189 |
35 |
85.5 |
| 24 |
Guinea-Bissau |
- |
95 |
- |
90.3 |
| 25 |
Kenya |
127.4 |
4’612.0 |
105 |
94.2 |
| 26 |
Lesotho |
21.6 |
249.8 |
63.2 |
83.9 |
| 27 |
Liberia |
1.5 |
160 |
154.5 |
… |
| 28 |
Libya |
40 |
234.8 |
55.7 |
14.5 |
| 29 |
Madagascar |
63.1 |
510.3 |
51.9 |
88.4 |
| 30 |
Malawi |
49 |
429.3 |
54.4 |
80.7 |
| 31 |
Mali |
10.4 |
869.6 |
142.4 |
92.1 |
| 32 |
Mauritania |
15.3 |
745.6 |
117.6 |
94.8 |
| 33 |
Mauritius |
180 |
656.8 |
29.5 |
64.8 |
| 34 |
Mayotte |
- |
48.1 |
- |
… |
| 35 |
Morocco |
2’342.0 |
12’392.8 |
39.5 |
90.2 |
| 36 |
Mozambique |
51.1 |
1’220.0 |
88.6 |
94.6 |
| 37 |
Namibia |
82 |
495 |
43.3 |
78.1 |
| 38 |
Niger |
2.1 |
299.9 |
170.9 |
92.6 |
| 39 |
Nigeria |
30 |
18’587.0 |
261.8 |
93.8 |
| 40 |
R©union |
276.1 |
579.2 |
20.3 |
… |
| 41 |
Rwanda |
39 |
290 |
49.4 |
85.8 |
| 42 |
S. Tom© & Principe |
- |
12 |
- |
52.3 |
| 43 |
Senegal |
250.3 |
1’730.1 |
47.2 |
86.6 |
| 44 |
Seychelles |
26 |
57 |
17 |
72.7 |
| 45 |
Sierra Leone |
11.9 |
113.2 |
111.7 |
… |
| 46 |
Somalia |
80 |
500 |
44.3 |
83.3 |
| 47 |
South Africa |
8’339.0 |
33’960.0 |
32.4 |
87.8 |
| 48 |
Sudan |
23 |
1’827.9 |
139.9 |
73.2 |
| 49 |
Swaziland |
33 |
200 |
43.4 |
85.1 |
| 50 |
Tanzania |
110.5 |
3’389.8 |
98.3 |
95.6 |
| 51 |
Togo |
50 |
436 |
54.2 |
87.4 |
| 52 |
Tunisia |
119.2 |
5’680.7 |
116.6 |
81.9 |
| 53 |
Uganda |
126.9 |
1’315.3 |
59.6 |
93.8 |
| 54 |
Zambia |
98.9 |
946.6 |
57.1 |
90.9 |
| 55 |
Zimbabwe |
266.4 |
668.1 |
20.2 |
67.1 |
| |
Africa |
15’668.7 |
137’342.5 |
54.4 |
83.3 |
| |
|
|
|
|
|
| |
|
|
|
|
|
| Mobile cellular subscribers |
| |
|
Cellular mobile subscribers |
As % of total |
| |
|
|
|
CAGR |
Telephone |
| |
|
(k) |
(%) |
subscribers |
| |
|
2000 |
2005 |
2000 – 05 |
2005 |
| 56 |
Antigua & Barbuda |
22 |
86 |
31.3 |
70.8 |
| 57 |
Argentina |
6’488.0 |
22’156.4 |
27.8 |
70.1 |
| 58 |
Aruba |
15 |
134.4 |
55 |
78.1 |
| 59 |
Bahamas |
31.5 |
186 |
55.9 |
57.1 |
| 60 |
Barbados |
28.5 |
206.2 |
48.6 |
60.5 |
| 61 |
Belize |
16.8 |
119.6 |
48 |
77.7 |
| 62 |
Bermuda |
13 |
49 |
39.3 |
… |
| 63 |
Bolivia |
582.6 |
2’421.4 |
33 |
78.9 |
| 64 |
Brazil |
23’188.2 |
86’210.0 |
30 |
68.4 |
| 65 |
Canada |
8’727.0 |
17’017.0 |
14.3 |
45 |
| 66 |
Chile |
3’401.5 |
10’569.6 |
25.5 |
75.5 |
| 67 |
Colombia |
2’256.8 |
21’850.0 |
57.5 |
74 |
| 68 |
Costa Rica |
211.6 |
1’101.0 |
39.1 |
44.2 |
| 69 |
Cuba |
6.5 |
135.5 |
83.4 |
13.7 |
| 70 |
Dominica |
1.2 |
41.8 |
143 |
66.6 |
| 71 |
Dominican Rep. |
705.4 |
3’623.3 |
38.7 |
80.2 |
| 72 |
Ecuador |
482.2 |
6’246.3 |
66.9 |
78.8 |
| 73 |
El Salvador |
743.6 |
2’411.8 |
26.5 |
71.3 |
| 74 |
French Guiana |
39.8 |
98 |
25.2 |
… |
| 75 |
Grenada |
4.3 |
43.3 |
78.2 |
57 |
| 76 |
Guadeloupe |
169.8 |
314.7 |
16.7 |
… |
| 77 |
Guatemala |
856.8 |
4’510.1 |
39.4 |
78.3 |
| 78 |
Guyana |
39.8 |
281.4 |
47.8 |
71.9 |
| 79 |
Haiti |
55 |
400 |
64.2 |
74.1 |
| 80 |
Honduras |
155.3 |
1’281.5 |
52.5 |
72.2 |
| 81 |
Jamaica |
367 |
2’804.4 |
50.2 |
89.8 |
| 82 |
Martinique |
162.1 |
295.4 |
16.2 |
… |
| 83 |
Mexico |
14’077.9 |
47’141.0 |
27.3 |
70.7 |
| 84 |
Neth. Antilles |
30 |
200 |
60.7 |
… |
| 85 |
Nicaragua |
90.3 |
1’119.4 |
65.4 |
83.5 |
| 86 |
Panama |
410.4 |
1’351.9 |
26.9 |
75.4 |
| 87 |
Paraguay |
820.8 |
1’887.0 |
18.1 |
85.5 |
| 88 |
Peru |
1’273.9 |
5’583.4 |
34.4 |
71.3 |
| 89 |
Puerto Rico |
926.4 |
2’682.0 |
30.4 |
70.7 |
| 90 |
St. Kitts and Nevis |
1.2 |
10 |
69.9 |
28.6 |
| 91 |
St. Lucia |
2.5 |
93 |
147 |
… |
| 92 |
St. Vincent and the Grenadines |
2.4 |
70.6 |
97.3 |
75.8 |
| 93 |
Suriname |
41 |
232.8 |
41.5 |
74.2 |
| 94 |
Trinidad & Tobago |
161.9 |
800 |
37.7 |
71.2 |
| 95 |
United States |
109’478.0 |
213’000.0 |
14.2 |
54.8 |
| 96 |
Uruguay |
410.8 |
1’154.9 |
23 |
53.4 |
| 97 |
Venezuela |
5’447.2 |
12’495.7 |
18.1 |
77.6 |
| 98 |
Virgin Islands (US) |
35 |
64.2 |
16.4 |
47.5 |
| |
Americas |
181’981.1 |
472’479.8 |
21 |
61.5 |
| |
|
|
|
|
|
| Mobile cellular subscribers |
| |
|
Cellular mobile subscribers |
As % of total |
| |
|
|
|
CAGR |
Telephone |
| |
|
(k) |
(%) |
subscribers |
| |
|
2000 |
2005 |
2000 – 05 |
2005 |
| 99 |
Afghanistan |
- |
1’200.0 |
- |
92.3 |
| 100 |
Armenia |
17.5 |
320 |
78.9 |
25.9 |
| 101 |
Azerbaijan |
420.4 |
2’242.0 |
39.8 |
67.2 |
| 102 |
Bahrain |
205.7 |
748.7 |
29.5 |
79.2 |
| 103 |
Bangladesh |
279 |
9’000.0 |
100.3 |
89.4 |
| 104 |
Bhutan |
- |
37.8 |
- |
53.6 |
| 105 |
Brunei Darussalam |
95 |
232.9 |
19.6 |
73.5 |
| 106 |
Cambodia |
130.5 |
1’062.0 |
52.1 |
97 |
| 107 |
China |
85’260.0 |
393’428.0 |
35.8 |
52.9 |
| 108 |
D.P.R. Korea |
- |
- |
… |
… |
| 109 |
Georgia |
194.7 |
1’459.2 |
49.6 |
55.2 |
| 110 |
Hong Kong, China |
5’447.3 |
8’693.4 |
9.8 |
69.6 |
| 111 |
India |
3’577.1 |
90’000.0 |
90.6 |
64.4 |
| 112 |
Indonesia |
3’669.3 |
46’910.0 |
66.5 |
78.6 |
| 113 |
Iran (I.R.) |
962.6 |
7’222.5 |
49.6 |
27.6 |
| 114 |
Iraq |
- |
574 |
- |
35.7 |
| 115 |
Israel |
4’400.0 |
7’757.0 |
12 |
72.5 |
| 116 |
Japan |
66’784.4 |
96’484.0 |
7.6 |
62.4 |
| 117 |
Jordan |
388.9 |
1’624.1 |
42.9 |
71.8 |
| 118 |
Kazakhstan |
197.3 |
4’955.2 |
90.5 |
52.5 |
| 119 |
Korea (Rep.) |
26’816.4 |
38’342.3 |
7.4 |
61.8 |
| 120 |
Kuwait |
476 |
2’379.8 |
38 |
82.3 |
| 121 |
Kyrgyzstan |
9 |
541.7 |
126.9 |
55.2 |
| 122 |
Lao P.D.R. |
12.7 |
638.2 |
119 |
89.4 |
| 123 |
Lebanon |
743 |
990 |
5.9 |
50 |
| 124 |
Macao, China |
141.1 |
532.8 |
30.4 |
75.3 |
| 125 |
Malaysia |
5’121.7 |
19’545.0 |
30.7 |
81.7 |
| 126 |
Maldives |
7.6 |
202.1 |
92.5 |
86.2 |
| 127 |
Mongolia |
154.6 |
557.2 |
29.2 |
78.1 |
| 128 |
Myanmar |
13.4 |
183.4 |
68.8 |
26.7 |
| 129 |
Nepal |
10.2 |
227.3 |
85.9 |
31.9 |
| 130 |
Oman |
162 |
1’333.2 |
52.4 |
83.4 |
| 131 |
Pakistan |
306.5 |
12’771.2 |
110.8 |
70.8 |
| 132 |
Palestine |
175.9 |
1’094.6 |
44.1 |
75.8 |
| 133 |
Philippines |
6’454.4 |
34’779.0 |
40.1 |
91.2 |
| 134 |
Qatar |
120.9 |
716.8 |
42.8 |
77.7 |
| 135 |
Saudi Arabia |
1’375.9 |
13’300.0 |
57.4 |
77.8 |
| 136 |
Singapore |
2’747.4 |
4’384.6 |
9.8 |
70.4 |
| 137 |
Sri Lanka |
430.2 |
3’361.8 |
50.9 |
73 |
| 138 |
Syria |
30 |
2’950.0 |
150.3 |
50.4 |
| 139 |
Taiwan, China |
17’873.8 |
22’170.7 |
4.4 |
62 |
| 140 |
Tajikistan |
1.2 |
265 |
196.3 |
16.3 |
| 141 |
Thailand |
3’056.0 |
27’378.7 |
73 |
80.1 |
| 142 |
Turkmenistan |
7.5 |
50.1 |
60.8 |
2.4 |
| 143 |
United Arab Emirates |
1’428.1 |
4’534.5 |
26 |
78.6 |
| 144 |
Uzbekistan |
53.1 |
720 |
68.4 |
15.7 |
| 145 |
Viet Nam |
788.6 |
9’593.2 |
64.8 |
37.7 |
| 146 |
Yemen |
32 |
2’000.0 |
128.7 |
57.3 |
| |
Asia |
240’579.0 |
879’493.9 |
29.6 |
59.5 |
| |
|
|
|
|
|
| |
|
|
|
|
|
| Mobile cellular subscribers |
| |
|
Cellular mobile subscribers |
As % of total |
| |
|
|
|
CAGR |
Telephone |
| |
|
(k) |
(%) |
subscribers |
| |
|
2000 |
2005 |
2000 – 05 |
2005 |
| 147 |
Albania |
29.8 |
1’259.6 |
155 |
82.1 |
| 148 |
Andorra |
23.5 |
64.6 |
22.4 |
64.6 |
| 149 |
Austria |
6’117.0 |
8’650.0 |
7.2 |
69.8 |
| 150 |
Belarus |
49.4 |
4’098.0 |
142 |
55.5 |
| 151 |
Belgium |
5’629.0 |
9’460.0 |
10.9 |
66.5 |
| 152 |
Bosnia and Herzegovina |
93.4 |
1’594.4 |
76.4 |
62.2 |
| 153 |
Bulgaria |
738 |
6’244.9 |
53.3 |
71.5 |
| 154 |
Croatia |
1’033.0 |
3’649.7 |
28.7 |
66 |
| 155 |
Cyprus |
218.3 |
718.8 |
26.9 |
63.1 |
| 156 |
Czech Republic |
4’346.0 |
11’775.9 |
22.1 |
78.5 |
| 157 |
Denmark |
3’363.6 |
5’449.2 |
10.1 |
61.9 |
| 158 |
Estonia |
557 |
1’445.3 |
21 |
76.6 |
| 159 |
Faroe Islands |
17 |
42 |
19.9 |
63.8 |
| 160 |
Finland |
3’728.6 |
5’270.0 |
7.2 |
71.3 |
| 161 |
France |
29’052.4 |
48’099.0 |
10.6 |
58.8 |
| 162 |
Germany |
48’202.0 |
79’200.0 |
10.4 |
59 |
| 163 |
Greece |
5’932.4 |
10’260.4 |
11.6 |
61.9 |
| 164 |
Greenland |
16 |
32.2 |
19.1 |
… |
| 165 |
Guernsey |
21.9 |
43.8 |
19 |
49.3 |
| 166 |
Hungary |
3’076.3 |
9’320.0 |
24.8 |
73.5 |
| 167 |
Iceland |
214.9 |
304 |
7.2 |
61.1 |
| 168 |
Ireland |
2’461.0 |
4’270.0 |
11.7 |
67.5 |
| 169 |
Italy |
42’246.0 |
72’200.0 |
11.3 |
74.2 |
| 170 |
Jersey |
44.7 |
83.9 |
17 |
… |
| 171 |
Latvia |
401.3 |
1’871.6 |
36.1 |
71.9 |
| 172 |
Liechtenstein |
10 |
27.5 |
22.4 |
57.9 |
| 173 |
Lithuania |
524 |
4’353.4 |
52.7 |
85.2 |
| 174 |
Luxembourg |
303.3 |
720 |
18.9 |
74.6 |
| 175 |
Malta |
114.4 |
324 |
23.1 |
61.6 |
| 176 |
Moldova |
139 |
1’089.8 |
51 |
54 |
| 177 |
Monaco |
13.9 |
17.2 |
4.3 |
33.6 |
| 178 |
Netherlands |
10’755.0 |
15’834.0 |
8 |
67.6 |
| 179 |
Norway |
3’224.0 |
4’754.5 |
8.1 |
69.3 |
| 180 |
Poland |
6’747.0 |
29’166.4 |
34 |
71.1 |
| 181 |
Portugal |
6’665.0 |
11’447.3 |
11.4 |
73 |
| 182 |
Romania |
2’499.0 |
13’354.1 |
39.8 |
75.3 |
| 183 |
Russia |
3’263.2 |
120’000.0 |
105.6 |
75 |
| 184 |
Serbia and Montenegro |
1’303.6 |
5’229.0 |
32 |
63.8 |
| 185 |
Slovak Republic |
1’243.7 |
4’540.4 |
29.6 |
79.1 |
| 186 |
Slovenia |
1’215.6 |
1’759.2 |
7.7 |
68.3 |
| 187 |
Spain |
24’265.1 |
41’327.9 |
11.2 |
69.3 |
| 188 |
Sweden |
6’372.3 |
9’087.0 |
7.4 |
63.3 |
| 189 |
Switzerland |
4’638.5 |
6’834.0 |
8.1 |
57 |
| 190 |
TFYR Macedonia |
115.7 |
1’261.3 |
61.2 |
70.3 |
| 191 |
Turkey |
16’133.4 |
43’609.0 |
22 |
69.7 |
| 192 |
Ukraine |
818.5 |
17’214.3 |
83.9 |
53.1 |
| 193 |
United Kingdom |
43’452.0 |
65’500.0 |
8.6 |
67.3 |
| |
Europe |
291’428.7 |
682’857.6 |
18.6 |
67.8 |
| |
|
|
|
|
|
| |
|
|
|
|
|
| Mobile cellular subscribers |
| |
|
Cellular mobile subscribers |
As % of total |
| |
|
|
|
CAGR |
Telephone |
| |
|
(k) |
(%) |
subscribers |
| |
|
2000 |
2005 |
2000 – 05 |
2005 |
| 194 |
American Samoa |
2 |
2.2 |
3.1 |
17.9 |
| 195 |
Australia |
8’562.0 |
18’420.0 |
16.6 |
64.5 |
| 196 |
Fiji |
55.1 |
205 |
30.1 |
64.6 |
| 197 |
French Polynesia |
39.9 |
87 |
16.9 |
62 |
| 198 |
Guam |
27.2 |
98 |
37.8 |
… |
| 199 |
Kiribati |
0.3 |
0.6 |
19.7 |
… |
| 200 |
Marshall Islands |
0.4 |
0.6 |
9.6 |
11.8 |
| 201 |
Micronesia |
- |
14.1 |
- |
53.1 |
| 202 |
New Caledonia |
49.9 |
134.3 |
21.9 |
70.8 |
| 203 |
New Zealand |
1’542.0 |
3’530.0 |
18 |
67.1 |
| 204 |
Northern Marianas |
3 |
20.5 |
61.6 |
… |
| 205 |
Papua New Guinea |
8.6 |
75 |
54.4 |
54.1 |
| 206 |
Samoa |
2.5 |
24 |
57.2 |
55.2 |
| 207 |
Solomon Islands |
1.2 |
6 |
39.1 |
44.8 |
| 208 |
Tonga |
0.2 |
29.9 |
178 |
68.5 |
| 209 |
Vanuatu |
0.4 |
12.7 |
103.4 |
64.6 |
| |
Oceania |
10’294.6 |
22’659.9 |
17.1 |
64.9 |
| |
|
| |
|
|
|
|
|
| Mobile cellular subscribers |
| |
|
Cellular mobile subscribers |
As % of total |
| |
|
|
|
CAGR |
Telephone |
| |
|
(k) |
(%) |
subscribers |
| |
|
2000 |
2005 |
2000 – 05 |
2005 |
| |
WTI |
739’952.1 |
2’194’833.7 |
24.3 |
63.5 |
| |
|
|
|
|
|
| Source: ITU |
|
|
|
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By Editor on November 21, 2006 · Leave a Comment
Vimpelcom OJSC has closed the acquisition of 90% shares of Armenian operator Armentel CJSC (Armenia) from Hellenic Telecommunications Organization (Greece) for EUR 341.9 mln.
Vimpelcom will also pay the Company’s debts and liabilities worth some EUR 40 mln, Vimpelcom says.
The Services Market Commission of Armenia approved the transaction on November 14, 2006.
In addition, Vimpelcom is interested in the acquisition of the remaining 10% shares of ArmenTel which are now held by the Government of Armenia. But the possibility of such a deal, its terms and parameters have not been defined so far.
Armentel CJSC provides fixed-line and cellular telephony services in the territory of Armenia in GSM – 900 and CDMA standard. The operator’s subscription base totals some 600000 fixed telecommunication users and 400000 cellular subscribers.
Vimpelcom ranks second among cellular operators of Russia and the CIS. It provides services for more than 50 million users. Telenor (26.6% shares) and Alfa-Group (32.9%) are Vimpelcom’s largest shareholders. 44.4% shares are floated on the New-York Stock Exchange. The Company has issued 51281022 ordinary shares and 6426600 preferred shares; Alfa holds the whole preferred stock.
Source- akm Wireless Mobile Telecom
By Editor on November 20, 2006 · Leave a Comment
Chadbourne & Parke LLP represented Vimpel-Communications (VimpelCom, NYSE: VIP) in an agreement with Hellenic Telecommunications Organization to acquire 90% of CJSC Armenia Telephone Company (Armentel).
The purchase price was €341.9 million (US$434.3 million) plus the assumption of approximately €40 million (US$50.8 million) in net debt and obligations. The deal closed on November 16.
Armentel is a fixed-line and mobile operator in Armenia with licenses in the GSM-900 and CDMA standards. Armentel’s subscriber base includes approximately 600,000 fixed-line subscribers and 400,000 GSM subscribers.
Working on the deal for Chadbourne were Laura Brank, head of the Russia & CIS Practice, and Moscow partners Konstantin Konstantinov and Christopher Owen, as well as London partner Charez Golvala and Moscow counsel Evgenia Korotkova.
The VimpelCom Group includes cellular companies operating in Russia and Kazakhstan and recently acquired cellular operators in Ukraine, Tajikistan, Uzbekistan and Georgia. The VimpelCom Group’s cellular license portfolio covers a territory with a population of about 237 million.
VimpelCom is a leading international provider of mobile telecommunications services in Russia and Kazakhstan, with recently acquired operators in Ukraine, Uzbekistan, Tajikistan and Georgia. The VimpelCom Group’s license portfolio covers approximately 237 million people. Geographically it covers 78 regions in Russia (with 136.5 million people, representing 94% of Russia’s population) as well as the entire territories of Kazakhstan, Ukraine, Uzbekistan, Tajikistan and Georgia.
Source- russianewswire Wireless Mobile Telecom
By Editor on November 15, 2006 · Leave a Comment
Armenian authorities have approved the sale of a 90% stake in telephone company Armentel, held by a Greek firm, to Russia’s VimpelCom [RTS: VIMP] for $438.9 million, the state commission for public services regulation said Tuesday.
As well as buying the stake from Greek telecoms group Hellenic Telecommunications Organization SA (OTE), Russia’s second largest mobile operator, best known for its Beeline brand, will take on Armentel’s debt totaling around 40 million euros ($51 million).
VimpelCom, controlled by Russia’s Alfa Group and Norway’s Telenor, beat Russian mobile market leader MTS [RTS: MTSS] at the tender for the Armentel stake, which will give it 40% of the Armenian mobile telecommunications market. The takeover will be completed by the end of 2006, VimpelCom said.
The Armenian government ceded its right to purchase the stake from OTE on November 9.
Before receiving the authorities’ approval, VimpelCom and OTE had closed the deal, worth 341.9 million euros ($438.9 million).
Armenian Communications Minister Andranik Manukyan earlier said the government will sell VimpelCom the remaining 10% stake, on the condition that the company does not attempt to monopolize the South Caucasus country’s telecoms market.
Greece’s OTE bought Armentel in 1997 for $142.5 million, and has since invested $300 million in the company, whose earnings in 2005 stood at 110 million euros ($140 million).
Armentel has about 600,000 fixed-line and 400,000 mobile service subscribers, and uses the GSM 900 and CDMA standards.
As well as Russia, VimpelCom operates in the former Soviet republics of Kazakhstan, Georgia, Tajikistan, Ukraine, and Uzbekistan.
Source- business Wireless Mobile Telecom
By Editor on November 9, 2006 · Leave a Comment
The Armenian government is considering selling its remaining 10% stake in its national operator ArmenTel to VimpelCom, if the Russian company agrees to the end of the company’s monopoly in the local telecoms market. Last week VimpelCom agreed to buy Hellenic Telecommunications Organisation (OTE) of Greece’s 90% stake in ArmenTel for USD436.3 million plus about USD51 million in debt. Yesterday, the Minister of Transport and Communication Andranik Manukian, who is managing the sale, said the state would not object to the Russian firm buying the remaining interest if it agreed to remove the monopolies currently enjoyed by the PTO.
Source- telegeography Wireless Mobile Telecom
By Editor on November 3, 2006 · Leave a Comment
A spokesperson for Armenia’s Ministry of Transport and Communication says it has not received any official confirmation from OTE of Greece concerning the sale of its 90% stake in national PTO ArmenTel. Tamara Ghalechyan, press secretary to the Ministry, confirmed the operator had not been sold following recent press rumours which suggested the stake had been purchased by UAE-based operator Etisalat. The Russian Kommersant newspaper, citing a source close to the Armenian government, reported that a consortium led by Etisalat, and including investment fund Istithmar, had agreed to pay OTE USD600 million for its stake in ArmenTel. The source said that the consortium won the tender earlier this year, beating off rival bids from Russian companies AFK Sistema and VimpelCom, and a consortium of VTEL Holdings and Knightsbridge Associates. Etisalat has denied the rumour.
Source- telegeography Wireless Mobile Telecom