Team Telecom Armenia goes publicJune 2, 2023 - 16:46 AMT PanARMENIAN.Net - Telecom Armenia OJSC (trademark: Team Telecom Armenia) has issued and is allocating stocks through a public offering, giving everyone the opportunity to participate in the development of the company, make an investment, share the success and become the shareholder of Team. The company plans to allocate 40 million stocks with a total volume of 8 billion 240 million drams. The offering will be carried out from 7 June to 31 October of this year inclusively. "Team Telecom Armenia is the first company in the telecommunications sector undertaking its IPO in Armenia. With this step, we are becoming more open and public, forming a more transparent way of working and will share our successes with both subscribers and future shareholders. Due to team work, the company has ensured stable financial growth in recent years and is taking the next bold step already in the financial sector. Due to the new investments, we will implement our ambitious plans faster, together developing the telecommunications sector, digital technologies and the country's economy," says Hayk Yesayan, General Director of Team Telecom Armenia. The company will use the raised funds for the rollout of the fiber optic NGN network throughout Armenia, the launch of the 5G mobile network and the activation of new international channels. Being engaged in the field of digital technologies, the company will also pay huge attention to the introduction of modern digital tools and solutions and the implementation of other ambitious projects. The stock prospectus of "Telecom Armenia" OJSC has been registered by the decision of the Central Bank of Armenia No. 1/288A as of 31/05/2023. "AMERIABANK" CJSC is acting as Lead Arranger for the offering. The procedure of stock purchase, the electronic version of the prospectus and the IPO announcement can be found here. Team Telecom Armenia provides Internet, digital television, mobile and fixed phone services in the territory of Armenia. Since 2021, the company has started the rollout of NGN (Next Generation Network) network, which is unique in the region, with 25 Gb/s speed and the implementation of 25G-PON technology. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |