ArmInfo. Viva-MTS Telecommunications operator has changed its company name to Viva Armenia.
Thus, As stated on the company's official website, starting from 25 March 2024, the company name of Viva-MTS has changed. The new company name is "Viva Armenia" Closed Joint Stock Company. "Accordingly, General Terms of Provisioning Services of the Company have been updated: "MTS Armenia" Closed Joint Stock Company has been changed to "Viva Armenia" Closed Joint Stock Company. To get acquainted with the updated General Terms of Provisioning Services, please follow the link ," they inform.
Earlier, on January 24, MTS announced the closing of a deal to sell 100% of the shares of MTS Armenia CJSC, its subsidiary in the Republic of Armenia, (Viva-MTS brand, serves 2.3 million subscribers) to the Cypriot Fedilco Group Limited. The transaction also included MobiDram CJSC, a payment system providing financial services in the Armenian market, a 100% subsidiary of MTS Armenia.
Before the deal, MTS Armenia owned by Aramayo Investments Limited, which, in turn, through the Luxembourg Allegretto Holding was 100% owned by MTS. According to media reports, the beneficiaries of Fedilco Group Limited are Zhe Jang and Konstantin Sokolov. The Armenian Regulator approved the sale of 100% of the shares of MTS Armenia to the Cypriot Fedilco Group Limited from Aramayo Investments Limited in November 2023. A similar application by Fedilco was rejected by the Commission in April 2023 because it "threatened the national security or state interests of the Republic of Armenia."
Notably, the Government of Armenia accepted a 20% stake in the MTS Armenia company as a gift and transferred the authority to manage it to the office of the Prime Minister of the Republic of Armenia. The decision was approved on February 29 at a meeting of the Cabinet.
As Pashinyan's chief of staff, Arayik Harutyunyan, stated when presenting the draft decision, the Fedilco Group Limited company is the 100 percent owner of 550,000 shares of MTS Armenia CJSC with a nominal value of 1,000 drams. "At the general meeting of the company on February 16, 2024, it was decided to transfer 110,000 shares to the Republic of Armenia, which is equivalent to 20% of the 100% shares of "MTS Armenia" CJSC," he said.
