OREANDA-NEWS. JSC "COMSTAR - United TeleSystems" today announced that it has acquired majority shareholding in CallNet and its 100% owned subsidiary Cornet (together the "Group") in the Republic of Armenia.

Comstar has purchased 75% of the shares plus one share with an option to acquire the remaining stake in the Group. The companies together comprise the second largest alternative telecommunications group in the Republic of Armenia: Callnet is a transit operator and Cornet is an Internet Services Provider.

CallNet is one of the four telecom operators in the Republic of Armenia, which have a license to provide transit of international traffic across Armenia, a strong competitive advantage due to high volume of incoming international voice traffic in Armenia.