ZVEZDA COMPANY GOING TO LAUNCH CELLULAR SYSTEM IN ARMENIA

Zvezda, the company of United Communication Systems, is going to appeal to the Armenian government with a request to be allowed to launch a cellular communication system in the country. As company’s general director Eduard Hakobian told Arminfo agency, the project providing for an investment of about 60 million euros will be presented in the near future. In his words, the connection to the network and the intranet conversations will be free, the license fee will comprise $10. The network is to satisfy 1,2 million of users and cover 95% of the RA territory. E. Hakobian also informed that the collective investment fund of Zvezda UCS will be completely composed of foreign capital. The negotiations with one of the leading Russian telecommunication companies on cooperation and technical assistance will be conducted in Yerevan March 2. Cooperation with a big Slovakian company, the representatives of which are to arrive in Yerevan soon is as well expected.