Dubai-based Delta Partners investing $6 million in ADC

PanARMENIAN.Net - Armenian Datacom Company (ADC) announced that Dubai-based Delta Partners, an integrated management advisory and investment firm specialized in the Telecoms, Media and Technology (TMT) sector, joins ADC to further development of the company and the Armenian telecommunications sector.



Delta Partners is investing USD$6 million in ADC with a purpose to develop the company's service portfolio, as well as support expansion plans geographically.



Delta Partners' investment and expertise will enable ADC to strengthen its presence in the residential market with an integrated offer. Expansion is expected to cover both Yerevan and cities northward.



ADC will continue to extend and operate a state-of-the-art fiber-optic network with IP/MPLS switching technology and virtually unlimited capacity to serve the needs of the Armenian marketplace.



"The inclusion of Delta Partners as a shareholder in ADC strengthens the company's ability to respond quickly to market needs for wider network coverage and new services introduction. Expansion can take place whilst ensuring premium quality on all parts of operations," Mr. Harald Grytten, the CEO of Armenian Datacom Company, told a news conference today.



Armenian Datacom Company CJSC is an Armenian-Norwegian joint venture founded in April 2006. The company operates a large fiber-optic network in Yerevan. ADC's network is based on state-of-the-art IP/MPLS technology with total infrastructure length exceeding 400 km.