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.