ArmInfo. One of the major telecommunication operators in Armenia, "MTS Armenia" will sold to the company to Aramayo Investment LTD. As reported in the documents of the State Commission for Regulation of Public Services, Aramayo Investment LTD will ultimately acquire the entire 100% stake in the company. It should be noted that (trade mark ) is the Armenian daughter of the Russian telecommunications giant MTS.
The deal involved Russian citizens Pavel Masharov and Artem Vasiliev, who will acquire 0.005% of the shares, and then sell them to Aramayo Investment, information on the role of which in the transaction could not be found.
Meanwhile, according to independent observers, the deal did not come as a surprise, as during the past year the company seriously cut its spending on advertising and social projects. Moreover, according to the analytical materials of the rating service of the "ArmInfo" Information Company, by the end of 2016 the company's revenue decreased by 20.7%, gross profit fell by 27.4%, net profit by 61%, the company's assets decreased by 13.4%. EBITA in recent years has been steadily declining - from 27.4% in 2014 to 11.08% in 2016. There are no data on "Aramayo Investment LTD" in open sources. It is not excluded that after signing a peace agreement between Sistema, Rosneft, Bashneft and Bashkiria, the first one, who needed additional resources, decided to get rid of the inefficient Armenian asset. We note that on the eve of the international rating agency Fitch confirmed the long-term issuer default ratings (IDR) in foreign and national currency of AFK Sistema and MTS at "BB-" with a "negative" outlook.