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ARMENTEL VOWS TO INVEST 50 MILLION EUROS TO UPGRADE TELECOMMUNICATIONS

YEREVAN, MARCH 23, ARMENPRESS: ArmenTel telephone operator pledged Tuesday to invest around 50 million euros in upgrading Armenia’s telecommunications. ArmenTel’ chief executive manager Vasilis Fetsis told a news conference that some 20 million euros will be invested in modernizing mobile phone communication, 25 million in improvement of linear phone services and another 5 million in the development of information and telecommunications technologies.

Fetsis said the company will try to satisfy the demand for mobile phones. He charged the company’s previous management for failing to meet this demand especially that it enjoyed exclusive rights in this service.

He said ArmenTel will continue digitizing liner phone communication in Yerevan and Gyumr

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