Armenian deal for Intracom

Intracom Telecom, majority-owned by Russia’s Sitronics, said yesterday it has signed a $24 million (17.5-million-euro) deal with Armenia’s K-Telecom to expand its 2.5G mobile network, the Greek company said yesterday. Intracom Telecom will provide infrastructure work, installation and integration services in cooperation with Alcatel-Lucent, the main vendor provider, it said in a statement. The project, scheduled to be completed by the end of the first quarter next year, aims at enabling VivaCell-MTS to expand the access capacity of its GSM/GPRS network, it added. Intracom Telecom, 49 percent-held by Greece’s Intracom Holdings, is present in more than 50 countries. Shares in Intracom Holdings, which has a market value of 93.1 million euros, gained 1.45 percent yesterday to end at 0.70 euros. The Athens Exchange’s benchmark general index fell yesterday 1.99 percent to 1,774.28 points.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.