Thursday, December 11 2014

 VivaCell-MTS Telecommunications Company's investments in 2014 will total nearly 11 billion drams, by preliminary data, Ralph Yirikian, VivaCell-MTS General Manager, told ArmInfo.

He recommended converting the amount of investments into U.S. dollars basing on the exchange rate for late 2013, not the present-day realities. 

"So far, it is early to speak of the final results of investments. It is necessary to wait until the end of the year. The results for the passed year are usually summed up in mid-January. We have invested mainly in modernization of the network and installation of new base transmission stations," Yirikian said.

He said the work will be continued  also in 2015. "We will continue installing base stations and implementing our social responsibility program. It is of utmost importance for us to retain our positions in the market - 60%. We have much work to do and many projects to implement to that end. From commercial reasons, I cannot unveil these projects," VivaCell-MTS General Manager said.

VivaCell-MTS (K-Telecom CJSC) is Armenia's leading mobile operator, having the widest 2G/3.75G/4G network reach and spreading a wide range of Voice and Data services all across Armenia. Having the best of the Armenian people interest at heart since its launch on 1st July 2005 and in a short period of time VivaCell-MTS has managed to build a nationwide network and a considerable customer base.  VivaCell-MTS drives innovation and aims at always being at the forefront of any development serving the Armenian mobile communications market.  The company follows the guidance provided by ISO 26000 (International Standard of Social Responsibility).  OJSC Mobile telesystems holds an 80pct stake in VivaCell-MTS CJSC, with the remaining 20pct belonging to Fattouch Group. Lebanon.  (The exchange rate for  10 Dec 2013 - 457.31 ASMD/$1USD).