"Novatel" company has expressed a desire to acquire "VEON  Armenia"

ArmInfo. The  "Novatel"   company announced its serious intention to acquire 100% of the shares  of CJSC "VEON Armenia". This is stated in the message spread by the  company.

According to the source, the company will present its investment  program soon during a press conference.  Novatel highly appreciates  the qualifications of the engineering, technical and service  personnel currently working in VEON Armenia, and expresses its  readiness to effectively manage the company in case of acquisition of  shares. The priority for l within the investment programs  will be to increase the number of subscribers and improve the quality  of communication.

As a result of the study, the company came to the conclusion that in  Armenia, special attention should be paid to improving the quality of  communication in border regions and rural communities and to develop  mobile communication services, fixed telephone services, retail fixed  broadband Internet services, wholesale fixed broadband Internet  services, television retransmission services and call termination  services.

It is reported that authorized representatives of "Novatel" have  extensive experience working with reputable international companies  in the field of communications. The company was founded in January  1997 and specializes in providing access services to alternative  services of long distance and international telephone communication  on existing telephone lines using a PIN code (analogue of telephone  cards).  To note, earlier the new telecommunication company "Tim" LLC  expressed its desire to acquire shares of VEON Armenia.

It should be noted that "Tim" LLC was created quite recently by the  former top management of another large telecommunications operator in  Armenia - Ucom. Before the personnel reshuffle at Ucom, they  discussed the possible acquisition of Veon Armenia by this very  company, as well as the buyout of Ucom itself by its top management  represented by the Yesayan brothers. However, neither one nor the  other transaction took place. And VEON's exit from Armenia is  connected with the decision of this international group of companies  not to work in low-profit small markets and to concentrate on the  global field.