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YEREVAN, Armenia-Mobile operator ArmenTel from the Trans-Caucasian republic of Armenia said it would invest a total of US$39.4 million into the development of its GSM network.
In March, ArmenTel directors decided to invest US$15 million into the project and have now ruled to add another US$24.4 million.
ArmenTel, which is the telecom monopolist in the country, plans to cover 85 percent of the national territory and expand its capacity to 200,000 clients.
