ArmInfo. 100% of shares of the Armenian subsidiary of "Rostelecom" company GNC-Alfa are put up for sale. The Chairman of the Public Services Regulatory Commission (PSRC) Garegin Baghramyan confirmed this information to Lurer.am. "Application has been received.
Potential buyers are Electric Networks of Armenia CJSC and one more individual, "he said. PSRC said that Electric Networks of Armenia intends to purchase shares of Rostelecom (Armenia) through Molitro Holdings Limited, 60% of which are owned by Electric Networks, and 40% by Russian citizen Arman Hunanyan.
At the moment, the deal is being coordinated with the Government of Armenia, the National Security Service, and the Commission for the Protection of Economic Competition. The application for the purchase of shares in the Armenian subsidiary of Rostelecom was submitted to PSRC on October 19.
To recall, for the first time information about the intention of PJSC Rostelecom to sell its subsidiary in Armenia was disseminated in the media in the winter of 2018. "We think about it, to what extent this business is complementary to us. We have no task to sell it. But as the practice of other global players shows, such cross-country synergy is not obvious, "noted then the head of Rostelecom Mikhail Oseevsky. <After all, we have different legislation, different customer base, products. Therefore, we are thinking how to organize our work there most effectively. Including through the sale>, - he said.
In September 2017, the Armenian Marketing Association recognized GNC-ALFA as the provider of the highest quality Internet services in Armenia. In addition, according to the survey, the company received the highest loyalty index among consumers of television and Internet services. Rostelecom started its promotion to Armenia in 2012. The company's fiber-optic networks with a length of more than 2,500 km cover 80% of the country's territory. The network is also connected to regional backbone networks and an international Internet channel through Georgia and Iran.
