Orange Armenia reports a 17% in third-quarter profits

6 Nov 2013

Orange Armenia, a wholly owned subsidiary of Orange Group, says net profits for the three months ending 30 September 2013 climbed 17% year-on-year to AMD6.1 billion (USD15 million). Summarising the cellco’s first four years of operations in Armenia, its managing director Francis Gelibter said that the company has prioritised innovative technologies, quality of services and attention to client’s needs throughout the period of its operations in the country.

Earlier this month, the cellco provided an update on its ongoing network development programme for June-September 2013. In the summer/early autumn, Orange installed 16 new base transceiver stations (BTS) across the country to meet growing demand for data traffic. The improvements focused on several districts of the capital Yerevan, as well as in Ararat city and a number of other smaller towns and villages. New BTS were also switched on for the first time in the villages of Vazashen, Aygehovit and Haghartsin (in Tavush region), Geghanush and Gomaran (Syunik region) and Antaramut and Kachachkut (Lori region). Further, the cellco says it is continuing works to extend its 42Mbps (DC-HSPA+) offer to new towns, and 21Mbps (HSPA+) services all over the country. In the fourth quarter of this year it plans to roll out at least a dozen more BTS, it said.

Armenia, Ucom (formerly Orange Armenia)