Team Telecom Armenia starts selling shares

YEREVAN, June 8. /ARKA/. Team Telecom Armenia launched today the sale of its shares, giving everyone an opportunity to take part in the development of the 100% Armenian-owned technology company and share its success.

Through initial public offering (IPO), the company will place 40mln shares with the total value of AMD 8bln 240mln.

The shares may be purchased through MyInvest platform of Ameriabank’s MyAmeria application or by visiting any of the Ameriabank's branches and completing the relevant application or by sending the completed application to the email address: [email protected].

The press service of the company said that it will use the funds raised to expand its NGN fiber-optic network throughout Armenia, launch 5G mobile network and activate new international channels. Working in digital technologies area the company will also pay a lot of attention to the introduction of modern digital tools and implementation of other ambitious projects.

Team Telecom Armenia provides Internet, digital TV, mobile and fixed communication services in. In 2021, the company began building a unique Next Generation Network with a speed of 25 Gbps using 25G-PON technology. ($1 - 386.75 AMD) -0-

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10:52 06/08/2023