Wednesday, March 23 2016 16:40
Naira Badalian

Public services watchdog permits UCOM to pledge 5.5% of company shares

Public services watchdog permits UCOM to pledge 5.5% of company shares

ArmInfo. Public Services Regulatory Commission of Armenia has approved a draft decision permitting Aram Khachatryan, the shareholder of UCOM LLC to pledge 5.5% out of his 41% of shares in the company at ARARATBANK.

According to the draft decision, the credit resources will be spent on proper implementation of the company's debt service obligations.

Ucom LLC was founded in 2007. It is one of the rapidly developing companies in Armenia. Ucom has built the biggest new generation fiber-optic network in Armenia, which gives an opportunity to provide at least three services: Internet, television and fixed- line telephony. As of June 2015, the company has more than 100,000 subscribers. On August 20 2015, by the decision of the Public Services Regulatory Committee of Armenia approved the sale of 100% of Orange Armenia's stake to Ucom Company. The decision on the sale of stake is determined not by financial reasons, but intention to provide strong convergent services, including a range of fixed and TV services. At the same time Orange Armenia will remain as a mobile operator, will keep its licensees and infrastructures and will continue to provide services to its customers.

To note, UCom Company will launch 4G/LTE network on the basis of Ericsson equipment on the whole territory of Armenia. UCom Telecommunication Company and Ericsson (NASDAQ: ERIC) signed a contract on development of 4G/LTE network throughout the territory of Armenia. Under the contract Ericsson will supply state of the art equipment of Ericsson Radio System, which works in different frequency ranges, AIR integrated antenna systems and Ericsson Expert Analytics system, a software suite, which enables operators to predict customer satisfaction and automatically take closed-loop actions to improve it. Armenia is undergoing digital transformation, innovative telecommunication services and solutions are available in the country, and there is also high demand on smart devices. Only networks ensuring the highest level of capacity can satisfy the growing demand. A network will be developed on the basis of LTE technology and Ericsson analytical system, which will allow UCom providing the services of the highest level to its customers, Head of Ericsson Customer Unit in Ukraine and Eurasia Wojciech Bajda said.  


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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000