Rostelecom Invests in Armenian Internet and Data Provider GNC-ALFA
OREANDA-NEWS. February 3, 2012. Rostelecom OJSC (MICEX & RTS: RTKM, RTKMP; OTCQX: ROSYY) (“the Company”), Russia’s national telecommunications operator, today announces that its wholly-owned subsidiary, Teleset Networks LTD, has invested USD 22.5 million (approximately RUB 682 million) in GNC?ALFA, the largest independent Internet and data provider in Armenia, and gained 75% minus one share control of the company.
GNC-ALFA operates a modern fibre-optic network spanning approximately
Alexander Provotorov, President of Rostelecom, commented: “This is the first acquisition outside of