ArmInfo. VEON, the world's leading provider of communications and Internet services, confirms the fact of entering into negotiations with Team LLC regarding the possible sale of its business in Armenia.
According to a posting published on the VEON website, these discussions may or may not lead to a transaction. VEON will report on the progress of negotiations in accordance with regulatory requirements. Recall that Team LLC was founded in April 2020 by Hayk Yesayan and Alexander Yesayan, who are also the founders of UCom and owners of a 6% stake in the operator. Hayk Yesayan also served as CEO of Ucom. However, on April 14, the Ucom Board of Governors dismissed him. Before that, Hayk Yesayan, who owns with his brother Alexander a 5.94% stake in the company, suggested that the majority shareholders represented by the owners of the Galaxy group of companies redeem their shares in Ucom for more than $ 60 million, but were refused. Yesayan then said that his decision to leave the company was also motivated by the fact that his candidacy was not considered as the head of the company after the possible merger of Ucom and Beeline Armenia.
As ArmInfo reported, in January VEON announced negotiations on the sale of the Armenian subsidiary to Ucom, the leading communications operator in Armenia, but then, apparently, after the scandals surrounding Ucom, the holding refused negotiations in May.
