ArmInfo. In such a short period of time, this year alone, the Team Telecom Armenia telecommunications company, managed to make breakthrough steps in the domestic telecommunications market, first, it showcased itself as group of companies (Team Pay, Team Solutions, Team Systems and buy. am), Then followed the acquisition of shares of one of the leading telecommunication operators in Georgia (SkyTel) and, finally, an company undertook its initial public offering (IPO).
The latest is unprecedented for Armenia, since for the first time a telecommunications company entered the country's capital market, having placed an issue of 40 million shares on the stock exchange, with a total volume of 8 billion 240 million drams.
In a conversation with an ArmInfo correspondent on the sidelines of the company's initial public offering- IPO, Team Telecom Armenia CEO Hayk Yesayan noted that all these steps are part of the strategy, the ultimate goal of which is to become the leading telecom operator in Armenia, covering not only Yerevan and large cities, but also rural areas.
Speaking about the main goals of the IPO, Yesayan noted that it is not only about raising funds that will be used for capital expenditures, the development of an optical fiber network, 4G, 5G networks, but the desire to position itself and be a transparent, open company.
, he said. According to him, the main reason for the decision to enter the capital market was the high growth rate of the company. In this regard, Yesayan noted that if in 2020 the EBITDA indicator was 6.5 billion drams, then in 2022 it increased to 12.5 billion drams.
In addition, he announced an increase in the coverage of the company. , he noted.
At the same time, without disclosing details, the head of Team Telecom Armenia said that the company's strategic steps will continue, and soon it will become known about new initiatives to achieve the set goals. , he said.
Ameriabank CJSC acted as lead arranger for the Team Telecom Armenia offering. Within the framework of the event Ameriabank General Director Artak Hanesyan expressed hope that thanks to Team Telecom Armenia the capital market of Armenia will become even more active. He said that thanks to Ameriabank's MyInvest platform, everyone who wishes will be able to purchase shares of the telecommunications company and sell them online.
The head of the Bank, without revealing any further details, noted that at the moment there is a high interest in the shares of Team Telecom Armenia, and the list of applicants is quite diversified. In this regard, Hanesyan expressed confidence that the transactions with shares will be completed ahead of schedule.
It should be reminded that at the beginning of this year, the telecommunications operator of Armenia, Telecom Armenia OJSC, announced that is undertaking its initial public offering (IPO). The company allocated 40 million stocks with a total volume of 8 billion 240 million drams. The nominal value of one share is 100 drams, and the offering price is set at 206 drams.
According to the document, the issue of shares will take place on the fifth business day from the date of registration of the prospectus (05/31/2023), i.e. June 7, and it is planned to complete the placement of shares on October 31.
For more detailed information on the procedure for acquiring and selling shares on the MyInvest platform, follow the link: https://www.youtube.com/watch?fbclid=IwAR1LXGfqIPqKCSboSUQqhtewzwHC7023E0vPLr LSnesWublibLzSYmZ7lNs&v=SwyN5p7JLLY&feature=youtu.be .
It should be noted that by April 1, 2023, Telecom Armenia had 951,967 mobile subscribers, 320,223 fixed- line subscribers, and the number of FTTH (Fiber to the Home) subscribers amounted to 8,653 (with an increase of 29% in Q1 2023). The company intends to expand the coverage of LTE Internet, as well as to introduce a 5G network in Armenia, for which in March this year, received permission to use the radio frequency band 700 MHz. Works are underway to expand the high-speed fiber optic network, which does not require additional licenses/permits. As of December 31, 2022, the company has 1911 employees (against 1899 a year earlier). In 2022, Telecom Armenia increased its net profit 2.5-fold- up to 8.7 billion drams. Of the revenue of 34.6 billion drams received in 2022, the dominant part was formed from mobile and fixed-line services - 47% and 42%, respectively.
Telecom Armenia (https://www.telecomarmenia.am/hy/) is a telecommunications company that provides Internet, digital TV, mobile and fixed telephone communications on the territory of the Republic of Armenia. Since 2021, the company has begun construction of the NGN (Next Generation Network), a unique network in the region, equipped with 25G-PON technology and providing a speed of 25 Gb / s. The company has made roaming in 100 countries more accessible, attracted funding from the EBRD (European Bank for Reconstruction and Development), IFC (International Finance Corporation) and Ameriabank for a total of $45 million, some of which has already been directed to the construction of the NGN (Next Generation) network. Network) in the cities and villages of Armenia. In the near future, mobile stations operating throughout Armenia will be connected to this network, thanks to which the quality of mobile communication will improve significantly.
In October 2020, Team LLC acquired 100% of the shares of VEON Armenia CJSC (Beeline trademark), which in turn was the legal successor of Armenia Telefon Company CJSC (ArmenTel), founded in 1995. In November 2020, it was renamed into Telecom Armenia CJSC, and in January 2023 the company announced a change in status from CJSC to OJSC.
