Armenia’s telecoms industry reports strong performance in 2009

A report published by the Armenian National Statistical Service shows that the nation’s major IT and telecommunications companies generated revenues of AMD164.42 billion (USD434.69 million) last year, even as recession hit the Armenian economy in a year of global financial and economic crisis. The statistical bureau went on to report that revenues generated from internet services more than tripled last year, reaching AMD10.404 billion, while turnover generated by mobile operators reached AMD105.77 billion and fixed line service revenues totalled AMD40.34 billion.