ArmInfo. Shares of the largest telecommunications operator in Armenia, Telecom Armenia OJSC, have undergone the listing procedure on the Armenia Securities Exchange|AMX .
As reported by AMX press department, the operator's common registered shares will be listed on B secondary list.
It is noted that Telecom Armenia OJSC is the first company in the telecommunications sector to enter the secondary organized stock market.
In June of this year, Telecom Armenia OJSC began issuing 40 million ordinary shares of class "A" with an issue volume of 8.240 billion drams. The nominal value of one share is 100 drams, and the placement price is set at 206 drams. The placement of shares completed on October 31 of this year. Ameriabank acted as the underwriter and market maker of the company's shares.
As noted in the message of Telecom Armenia OJSC, investors can purchase shares of Telecom Armenia OJSC exclusively through the trading system of the Armenia Securities Exchange by contacting any bank or investment company that is a member of the Armenia Securities Exchange by opening a brokerage account. By providing the opportunity to purchase shares, Telecom Armenia OJSC creates ample opportunities for investing in Armenia. This move could create a positive trend by encouraging other Armenian companies to go public and list shares on the Armenia Securities Exchange to attract funding and develop and implement new ideas.
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.
