OTE to stay in Armenian market
OTE’s Georgios Vasilikis says his company has so far invested $216 million in Armentel, Armenia’s until now telecoms monopoly. (Via Interfax)
He said that the company will continue to work in Armenia after the company’s monopoly on mobile communications and external Internet services is restricted on June 30, following a government ruling.
The background to this is that OTE have lost that monopoly, originally guaranteed to them by the Armenian government.
