Armentel scotches Vimpelcom fixed line sale plan

21 Aug 2012

The chief executive officer of Armenian telco Armentel, Anush Begloyan, has reacted swiftly to dismiss rumours that strategic investor Vimpelcom Ltd of Russia is planning to sell its fixed line business this autumn. Earlier this week, the Armenian Times newspaper reported that Beeline was looking to divest the unit, but speaking to Prime-Tass, Begloyan denied the suggestion, saying that its Russian investor does not plan to abandon the fixed line business in Armenia.

Armenia, Team Telecom Armenia (formerly Beeline), VEON