ArmenTel Privatization Bids Deemed Unsatisfactory

YEREVAN (Noyan Tapan)–The bids received on the privatization process of the ArmenTel by the Armenian authorities–were not deemed satisfactory by international standards by the government.

According to the press office of the prime minister–three international bidders did not meet the requiremen’s set for the ArmenTel purchase–and therefore–the government has extended to the bidders more time to reconsider and renew their bids–adhering to the set standards.

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