Nokia and Ucom to sign cooperation agreement

YEREVAN, February 8. /ARKA/. Armenian telecom operator Ucom and Nokia are set to sign a cooperation agreement in the near future. 

Hi-Tech Industry Ministry Mkhitar Hayrapetyan received Nokia today Vice President in charge of European mobile networks Petr Vukovic.

Ucom CEO Ralph Yirikian, co-founder of Galaxy Group of Companies and co-chairman of Ucom Board Artem Khachatryan were also present at the meeting.

The Minister highlighted the cooperation of Nokia and Ucom in the field of network modernization and service improvement, saying it will increase the availability of mobile communication, speed and data transmission capacity.

Petr Vukovic noted that he was glad to be in Armenia and to start the  project, which will create new opportunities in terms of solving some problems and overcoming challenges in the competitive sphere.

Yirikian, in his turn, noted that all this is the result of almost a year of consistent work.

The Minister emphasized that this cooperation will bring positive changes in Armenia's telecommunication sector, contributing to the development of infrastructure.

Ucom offers the fastest fixed and mobile communication services in Armenia. The company is the absolute leader in providing IPTV and fixed internet services and holds a leading position in Armenia's mobile internet market. Thanks to its modernized 4G+ networks and its own fiber optic networks meeting the highest international standards, Ucom provides a comprehensive package of fixed and mobile communication services to more than 700 thousand subscribers.

Nokia Corporation is a Finnish multinational company, a manufacturer of telecommunications equipment for mobile, fixed, broadband and IP networks. In the 2000s, it dominated the global cell phone market. Nokia ended Q4 2023 with a 23% drop in revenue (to €5.707 billion from €7.449 billion) and a net loss of €33 million versus a €3.15 billion net profit in the last quarter of 2022. -0-

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22:09 02/08/2024