CEO says Rostelecom may sell telecom branch in Armenia

MOSCOW, Feb 8 (PRIME) -- Russian state-controlled telecom operator Rostelecom is studying sales of its Armenian branch, President Mikhail Oseyevsky told reporters on Thursday on the sidelines of a forum.

“We’re thinking about it, about how much this company compliments our other business. There is no goal to sell immediately. But our practice as well as the practice of other global players shows that such an inter-state synergy is not evident,” Oseyevsky said.

“Laws, client bases and products are different. We’re thinking how to organize our work there, maybe, via a sale.”

Rostelecom’s unit in Armenia, GNC-Alfa, is one of the biggest telecom operators on the local market, providing broadband, smart TV and fixed-line connection services for individuals and companies.

End