Yerevan, April 27 /Mediamax/. The presentation of the Armenian-Norwegian Telecommunications Company “Armenian Datacom Company” (ADC) took place in Yerevan today.

Mediamax reports that according to the Executive Director of ADC Herald Griten, the company will be working in the sphere of provision of ultramodern corporative network opportunities and high-speed internet services in the Armenian capital both for the state establishments and private companies.

President of ADC Khazhak Karayan stated that at present, $3.4mln is invested in the company, and by the end of the year $1.5mln more is planned to be invested. According to him, the network, installed by the company, has no analogues not only in Armenia, but in the whole region as well.

Khazhak Karayan stressed that the company plans to decrease the tariffs for internet-services and the services of data transfer for 25%.

The Minister of Trade and Economic development of Armenia Karen Chshmaritian stressed that consecutive work, directed to set up auspicious conditions for foreign investments gave its results. The Minister voiced hope that ADC will become one of the leading IT-Companies of Armenia, assisting the effective activities of the economic infrastructures of the country.

ADC was established in 2006 and is the first joint Armenian-Norwegian company.