ArmInfo. The Cyprus-based Fedilco Group Limited company, which has acquired MTS Armenia, intends to transfer 20% of MTS Armenia shares to Armenia.
The reason for the decision is the strategic importance of MTS Armenia for the state, an official reports reads.
On January 24, Mobile TeleSystems Public Joint Stock Company ("MTS" or "the Company") (MOEX: MTSS), a digital ecosystem, announced the closing of a transaction for the sale of 100% of the shares of its subsidiary in the Republic of Armenia, MTS Armenia CJSC (trademark Viva-MTS) to Fedilco Group Limited (Republic of Cyprus).
The transaction also included MobiDram CJSC, a payment system providing financial services in the Armenian market, a 100% subsidiary of MTS Armenia.
MTS received all corporate approvals necessary for the transaction, as well as permits from the regulatory authorities of the Republic of Armenia: the State Commission for the Protection of Economic Competition and the Public Services Regulatory Commission.
