France Telecom-Orange has invested EUR250 million (USD325 million) in its Orange Armenia subsidiary since its commercial launch on 5 November 2009. ARKA News quotes the French group’s vice president for European markets,
Benua Shin, as saying that EUR186 million has been spent on capital investment and the remainder in ‘social and charity projects of [the] Orange Foundation’.
Orange Armenia aims to introduce a raft of new services this year, in an effort to stimulate the development of the mobile broadband segment, the official said at a news conference, although he stopped short of providing specific information, citing tight competition at the local market as the reason. As reported by CommsUpdate yesterday, Orange Armenia this week confirmed the launch of commercial 3.5G mobile broadband services in the cities of Yerevan, Gyumri and Vanadzor. The cellco’s new service promises to deliver maximum theoretical download speeds of 42Mbps (DC-HSPA+) and is being supported by the launch of the ‘Internet Now 4’ modem, it said, which has a maximum 21.1Mbps theoretical speed.