Team Telecom Armenia is undertaking its initial public offering (IPO)
SOCIETY
02/06/2023, Yerevan․ "Telecom Armenia " OJSC (trademark: Team Telecom Armenia) has issued and is
allocating stocks through a public offering, giving everyone the opportunity to participate in the
development of the company, make an investment, share the success and become the shareholder of
Team.
The company plans to allocate 40 million stocks with a total volume of 8 billion 240 million drams. The
offering will be carried out from 7 June to 31 October of this year inclusively.
"Team Telecom Armenia is the first company in the telecommunications sector undertaking its IPO in
Armenia. With this step, we are becoming more open and public, forming a more transparent way of
working and will share our successes with both subscribers and future shareholders. Due to team work,
the company has ensured stable financial growth in recent years and is taking the next bold step already
in the financial sector. Due to the new investments, we will implement our ambitious plans faster, together
developing the telecommunications sector, digital technologies and the country's economy, " says Hayk
Yesayan, General Director of Team Telecom Armenia.
The company will use the raised funds for the rollout of the fiber optic NGN network throughout Armenia,
the launch of the 5G mobile network and the activation of new international channels. Being engaged in
the field of digital technologies, the company will also pay huge attention to the introduction of modern
digital tools and solutions and the implementation of other ambitious projects.
The stock prospectus of "Telecom Armeniav OJSC has been registered by the decision of the Central
Bank of Armenia No. 1/288A as of 31/05/2023. "AMERIABANK " CJSC is acting as Lead Arranger for the
offering. The procedure of stock purchase, the electronic version of the prospectus and the IPO
announcement can be found here.
Team Telecom Armenia provides Internet, digital television, mobile and fixed phone services in the territory of Armenia. Since 2021, the company has started the rollout of NGN (Next Generation Network) network, which is unique in the region, with 25 Gb/s speed and the implementation of 25G-PON technology.
Department of public relations: [email protected]
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