Orange Armenia to begin self-financing in a year

Yerevan/Mediamax/. By the end of the third year of activity, the number of Orange Armenia’s subscribers makes 600 thousand, 80 thousand of whom use Internet services, Orange Armenia CEO Francis Gelibter said today.

According to him, in the IV quarter of 2012, for the first time the company’s revenues and expenses got balanced. The company plans to begin self-financing by late 2013 and start returning the investments.

Francis Gelibter went on adding that in 2012, the company’s investments in Armenia will total about AMD 7bln, and the incomes will make AMD 21bln.