RBC, March 16, 2005, Yerevan. As of January 1, 2005, the number of subscribers
to mobile services reached 203,309 compared to 111,118 at the beginning
of 2003, the press department of ArmenTel reported. In 2004, ArmenTel's
revenue from providing mobile communications services advanced 46 percent
to EUR27.483m. This increase is due to the company focusing on the development
of mobile communications services. In 2004 the company allocated 41.6 percent
more funds for investments in the development of mobile communications,
which rose to EUR17.364m. |
