Orange to invest $200 million in Armenia in two years
12.06.2009,
00:51
Armenia’s third mobile operator Orange plans to invest $200mln in Armenia in two years, said Deputy President of Orange Europe Olaf Swantee.
YEREVAN, June 11. /ARKA/. Armenia’s third mobile operator Orange plans to invest $200mln in Armenia in two years, said Deputy President of Orange Europe Olaf Swantee.
The company plans to earmark some $80mln for Armenia already this year.
“Despite the global recession, Orange plans to fulfill its investments, following the announced $200mln worth investments policy in two years,” he was quoted as saying.
According to the Orange deputy president, the population-tailored investments will enable the company apply state-of-the-art technologies in Armenia.
Taking into account that Diaspora Armenians will also use the network, the company’s investments will be justified, Swantee added.
He said Orange stands ready to make long-term investments in Armenia.
Subsidiary of France Telecom (under the Orange brand), Orange Armenia received a 15-year license (with a 15-year prolongation option) for communication services on November 19, 2008. The company is authorized to use radio frequencies for 10 years and is allowed to use +374(0)55 and +374(0)95 codes.
On October 7, 2008, Armenia’s Tender Commission announced France Telecom the winner of the bids for the third mobile operator in Armenia with a €51.5mln GSM license offer.
ArmenTel (subsidiary of Russia’s VimpelCom) and VivaCell-MTS (subsidiary of Russia’s MTS) had been the two mobile operators in Armenia before Orange entered the local telecommunications market. –0--
The company plans to earmark some $80mln for Armenia already this year.
“Despite the global recession, Orange plans to fulfill its investments, following the announced $200mln worth investments policy in two years,” he was quoted as saying.
According to the Orange deputy president, the population-tailored investments will enable the company apply state-of-the-art technologies in Armenia.
Taking into account that Diaspora Armenians will also use the network, the company’s investments will be justified, Swantee added.
He said Orange stands ready to make long-term investments in Armenia.
Subsidiary of France Telecom (under the Orange brand), Orange Armenia received a 15-year license (with a 15-year prolongation option) for communication services on November 19, 2008. The company is authorized to use radio frequencies for 10 years and is allowed to use +374(0)55 and +374(0)95 codes.
On October 7, 2008, Armenia’s Tender Commission announced France Telecom the winner of the bids for the third mobile operator in Armenia with a €51.5mln GSM license offer.
ArmenTel (subsidiary of Russia’s VimpelCom) and VivaCell-MTS (subsidiary of Russia’s MTS) had been the two mobile operators in Armenia before Orange entered the local telecommunications market. –0--
