15:58, June 2, 2023
YEREVAN, JUNE 2, ARMENPRESS. “Telecom Armenia” OJSC (trademark: Team Telecom Armenia) has issued and is distributing shares in a public offering that gives everyone the opportunity to participate in the development of the company, make an investment, share in the success and become a shareholder of Team become.
The company plans to allot 40 million shares for a total of 8 billion 240 million drams. The offer will run from June 7th through October 31st this year.
“Team Telecom Armenia is the first company in the telecommunications sector to go public in Armenia. With this move, we will be more open and public, creating a more transparent way of working and will share our successes with both subscribers and future shareholders. Due.” Thanks to teamwork, the company has ensured stable financial growth in recent years and is already taking the next bold step in the financial sector. The new investments will allow us to implement our ambitious plans faster and together we will further develop the telecommunications sector, digital technologies, etc. the country’s economy,” says Hayk Yesayan, Director General of Team Telecom Armenia.
The company will use the funds raised to expand fiber NGN network across Armenia, launch 5G cellular network and activate new international channels. As the company operates in the field of digital technologies, it will also pay great attention to the introduction of modern digital tools and solutions, as well as the implementation of other ambitious projects.
The prospectus for shares of “Telecom Armenia” OJSC was registered by the decision of the Central Bank of Armenia No. 1/288A dated 05/31/2023. “AMERIABANK” CJSC is acting as lead arranger for the offering. The procedure for purchasing shares, the electronic version of the prospectus and the announcement of the initial public offering can be found here.
Team Telecom Armenia provides Internet, digital TV, mobile and landline services on the territory of Armenia. Since 2021, the company has started to roll out the NGN network (Next Generation Network), which is unique in the region, with a speed of 25 Gbit/s and the implementation of 25G-PON technology.
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