Orange Confirms Submitting Bid for Armenian Mobile License

­France Telecom's mobile division, Orange says that it has submitted a bid for the 3rd mobile phone license in Armenia - valued at EUR51 million (US$70 million). Armenia’s Public Services Regulatory Commission (PSRC) announced the tender in July and said that there will be a reserve price of US$16 million for the license and the winner will be required to invest a minimum of US$320 million in the network rollout. "We confirm that Orange has submitted a formal offer to the Armenian Telecommunications Commission for the acquisition of a national mobile operator license," a company spokesman said A statement from the Transportation and Communication Ministry last month said that although 17 companies applied for the tender documents, but only six... [read full story]