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“ARMENTEL” UNDERTOOK TO PAY 142.000 $

Economy

Government’s demand regarding non-feasance and licence breach by “ArmenTel” was met. “ArmenTell” undertook to pay 142.000 $ - the sum that will be needed to carry the non-fulfilled planks of the contract between WFI Consulting and Armenian Government through.

Of course, ”ArmenTel” was not deprived of licence.

By breaking the requirement of the licence N 60, “ArmenTel” prohibited WFI Consulting Company to carry out checking for finance activity in the enterprise.

As a result of the open meeting on November 26, Vartan Movsisyan, Chair of Committee for Power Engineering Regulation, introduced a resolution which said infringements by “ArmenTel” were not permanent, periodical and premeditated. It also stated “ArmenTel” to have broken the licence requirement and it is obliged to pay 142.000 $.

10 days ago OTE was fined by 1, 5 million $ for non-feasance.

Today “ArmenTel” assumed to pay 142.000 $. “Won’t such “expenditure” have negative impact on the further investments ?” , we asked Vasilakis. He answered the sum may not be enough to supply a village with communication .