FEB. 24 2016 (The Conway Bulletin) — Armenia’s three-largest telecoms operators paid 24.2% less taxes in 2015 compared to 2014, as an economic downturn worsened and increased competition hit their revenue stream. K-Telecom, owned by Russia’s MTS, is Armenia’s third-largest taxpayer. Its contribution to the budget declined by 36% to 18.6b drams ($38m). Russia’s VimpelCom-owned ArmenTel, one of the top ten taxpayers in Armenia, said its tax contributions fell by 6.2% to 15.5b drams ($31.5m).
ENDS
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(News report from Issue No. 269, published on Feb. 26 2016)
