Yerevan, 27.July.2024,
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BREAKING


The Future of Armenia is Undoubtedly Digital and Green․ Gurgen Khachatryan

SOCIETY

Children might perceive telecommunications as a mundane subject, involving intricate networks of slender wires, radio waves, and transmitters. However, this only scratches the surface of its vast complexities. My brother and I hold indelible memories from our school years, dashing through the corridors of the telephone exchange after school hours. This building housed a solitary, analog rack with blinking lights that occupied an entire floor. The most exhilarating aspect was undoubtedly the ability to facilitate people's conversations, albeit with the occasional misconnection and getting caught by our grandfather during our mischiefs. 

Today, we commemorate the World Telecommunication and Information Society Day, a day that celebrates our dedicated team at Ucom, industry experts, and my 92-year-old grandfather, Gurgen. Gurgen Tadevos Khachatryan, a veteran in the field, was among the first "communicators" in Soviet Armenia to attain the highest qualification. He led the Nairi regional communication hub for an impressive 25 consecutive years and is the only person in the field with a half-century of leadership experience. 

It was my grandpa Gurgen who inspired my brother and I to delve into the world of telecommunications, to establish our own company, and ultimately, to celebrate the milestone of our 10,000th subscriber at Ucom about a decade ago. Grandfather Gurgen is the catalyst for my desire to discuss, on this World Telecommunication Day, the responsibility we bear in constructing robust, future-proof networks and passing them down to ensuing generations. 

The transition from one generation to the next, from analog to digital, has resulted in the telecommunications of today and the future being vastly different in terms of technology, bandwidth, and scalability compared to the networks of pasts, with their nostalgic "switch" memories. Modern telecommunications, as a unified service provider, seamlessly connects infrastructures, corporations, systems, and smart devices, equipping them with data and artificial intelligence capabilities. However, how prepared are Armenian businesses for these transformations? According to our data, only a minuscule percentage of entrepreneurs seem ready[1]. And what about our urban infrastructure's readiness for a mobile future[2]

Today, nations with a keen focus on technological adaptation are witnessing exponential growth, while countries like ours are struggling with a comparatively slow pace of progress[3]. This is not just currently inadequate, but it also poses substantial challenges for the coming decade. 

The telecommunications industry, by necessity, requires digitization of operators and infrastructure to reap the financial benefits from investments in fifth-generation networks. For developing economies[4], particularly that of Armenia, digitization is crucial to prevent further widening of the chasm in business competitiveness that runs parallel with the evolution of contemporary technologies. 

We firmly believe that cutting-edge telecommunication infrastructures will stimulate economic growth and open up novel opportunities for both seasoned and aspiring entrepreneurs. Yesterday's announcement of the next phase of the Ucom-Ericsson partnership signifies the initiation of fifth-generation technological solutions with unparalleled technological and environmental support. It also marks the advent of our new green social responsibility strategy aimed at infrastructure and environmental protection. 

As a company founded on Armenian capital and steered by Armenian experts, we understand the cost of missed opportunities and the vital mission to empower the younger generation. Consequently, we extend an invitation for collaboration to all Armenian businesses that align with this vision and have faith in the digital future of our nation. However, our commitment goes beyond this. Moving forward, all new technologies from Ucom will be equally accessible in the capital city as well as the most secluded settlements of Armenia. We perceive it as our responsibility and mission to ensure the essential green "connection" for our compatriots in their respective localities. 

Lastly, Ucom embarks on a new stage of evolution under the proficient guidance and the vast experience within the telecommunications sector of CEO Ralph Yirikian. We are confident that the new strategy will yield exemplary outcomes and build a sustainable network for both Armenian entrepreneurs and all our compatriots, regardless of their location. At Ucom, we pride ourselves on our mastery of our craft. The best is yet to come.

Free statements and references from IDBankUcom and Sunchild Launch New Phase of Joint Environmental Project Ameriabank Receives 3 Awards for Excellence by Euromoney: the Best Bank, the Best Digital Bank, and the Best Bank for SMEs in Armenia for 2024 Unibank and Visa are gifting a trip to Tunisia for two How to cut costs? 5 tips from IDBank and Idram The Renovated Ucom Sales and Service Center Opened at Komitas 60 Choosing the seats: new feature in Idram&IDBank app"Past" (Fact in Armenian) Armenians bought real estate in Dubai worth about $60 million in two days Ucom and Impact Hub Yerevan jointly announces the launch of the Ucom Fellowship Incubation Program EBRD and Ameriabank to support Armenian businesses through stable trade finance fundingIDBank continues the "By Your Side" ProgramUnibank placed bonds ahead of scheduleUcom’s fixed network has reached Byureghavan How is the largest solar power plant in Armenia built? AMD 4․046․161 to the Strong Mind NGO. July's beneficiary is the SIA Armenia programUcom is the main sponsor of the Armenian team at the Summer Olympic Games Get 3000 idcoins by synchronizing your Idram and IDBank accountsNo payment via Idram? More than 21,000 points of sale accept payment via IdramUcom Offers New Affordable Bundle for Subscribers Traveling This Summer Ucom’s General Director Participated in The Silicon Mountains Shirak Technology Forum Ameriabank and COAF Pool Efforts to Develop Beekeeping in Lori Region Araratbank allocates $10 million in funding to women entrepreneursMoody's Ratings affirms ratings of Unibank with positive outlook on the long-term deposit ratings AraratBank convenes Annual General Meeting of Shareholders The Silicon Mountains Shirak Technology Forum will take place with Ucom’s support Renowned Pianist Hayk Melikyan in South America: A Tribute to Armenian Classics The CB RA has granted permission for the cooperation of UBPAY Armenian and KWIKPAY international transfer systems Futsal tournament Galaxy Champions League 2024 kicks off Ucom Hosts a Student Program during the Summer HolidaysSaving on Wildberries with IDBankAmio Era. Memorandum was signed with the Armenian National Agrarian University IDBank issues the 3rd tranche of dollar bonds of 2024Ucom’s General Director Spoke about Personal Growth and Quality Management EventHub.am is the official ticketing agent for the concert of the world renowned Black Eyed Peas in TbilisiUcom Launches New Postpaid Packages Amio Era. Memorandum was signed with Yerevan State UniversityExclusive access to all EURO 2024 games for Ucom subscribers idcoin: New tool in IDBank’s loyalty systemUcom’s Fixed Network Launches in Nor HachnAbout 173 Million Drams and More Than 30 Beneficiary Funds. "The Power of One Dram" is 4 Years OldAmio Era. Memorandum was signed with Russian-Armenian UniversityThe Power of One Dram to The Road of Life: July's Beneficiary is Strong MindAraratBank places dollar bonds Yerevan State University and Ucom signed a Memorandum of Cooperation Amio Era: Memorandum was signed with the Armenian State Pedagogical University after K. Abovyan IDBank and Dalma for the Caucasian Deer Reintroduction ProgramThrough Ucom’s Support the 12th Sunchild Festival Concludes Carpisa gift card worth AMD 50.000 from IDBankAmio Bank and Visa celebrated the launch of the Visa Business Signature CardUcom’s General Director participates in Graduation Ceremony of Leadership School