ArmInfo. In recent days, Ucom, one of the leading telecommunications operators in Armenia, has become not only an apple of discord between major shareholders and top management, but also a subject of multilateral blackmail, in which both sides, sorting things out and pursuing their own goals, are trying to involve in the issue the state, the company's team and their colleagues-competitors. Unfortunately, the situation in the country due to the coronavirus pandemic is quite favorable for this.
Last Friday, Ucom CEO and shareholder Hayk Yesayan confirmed the information that after he had submitted an application for resignation, hundreds of company employees followed his example and also wrote a letter of resignation. According to him, 576 employees expressed a desire to leave, most of them representing the top management of the company, middle management and the entire technical team. He explained the reason for the situation by the disagreements between him, his brother, who together own a minority 5.94% stake, on the one hand, and majority shareholders represented by three brothers Khachatryan, and first of all, the head of the Board of Directors of the company Gurgen Khachatryan. All of them, as you know, represent Gagik Khachatryan, the ultimate beneficiary of the company, their father and uncle, former super minister, finance minister, head of tax and customs services, one of the richest people and officials of the former government. Khachatryan, like his sons and nephew, is now under investigation, and their accounts and assets have been frozen by a court decision.
The day before this public letter, Hayk Yesayan sent an intra-corporate letter to the team of his company, which ArmInfo also read. In it, Yesayan explained his resignation as a result of the events of the past few months. The CEO justified his statement with the misunderstanding that developed between him and Gurgen (he mentioned the latter without a surname and position). <Since over the past year it has become clear that Galaxy (a group of companies led by Gurgen Khachatryan, which includes Ucom) was not able to ensure the effectiveness of my steps, I proposed to acquire shares in the company that belong to me and Alik (brother of Hayk Yesayan), or - expressed a desire to buy shares from other participants (shareholders) of the company> (for 22 billion AMD). He was denied both options.
ArmInfo.There was no deal to sell Beeline. ArmInfo was informed about this in the press service of the company.
ArmInfo.The State Commission for the Protection of Economic Competition (SCPEC) of Armenia has adopted an application on the merger of the telecommunication companies UCOM and VEON in administrative proceedings. On February 13, after a government meeting, the head of the commission Gegham Gevorgyan told reporters.
ArmInfo. State Commission for the Protection of Economic Competition (SCPEC) of Armenia adopted an administrative proceeding on the concentration of telecommunication companies "Ucom" and "VEON Armenia".