MTS closed sale of its Armenian subsidiary to Cypriot company

YEREVAN, January 24. /ARKA/. MTS announced the closing of a deal to sell 100% shares of its subsidiary in Armenia to Fedilco Group Limited, a Cyprus-registered  company.

"MTS PJSC announces the closing of the transaction on sale of 100% shares of its subsidiary in the Republic of Armenia MTS Armenia CJSC (trade mark Viva-MTS) to Fedilco Group Limited (Republic of Cyprus), MTS press service said in a statement published by Russian media.

The report notes that the deal also includes MobiDram payment system, a 100% subsidiary of MTS Armenia, providing financial services in the local  market. The cost of the deal is not disclosed.

MTS said that all corporate approvals necessary for the transaction were obtained, as well as authorizations from the regulatory authorities of the Republic of Armenia.

Viva-MTS (MTS Armenia CJSC) is Armenia’s leading telecommunications operator, having the widest network reach and spreading a wide range of Voice and Data services all across Armenia.

The company follows the guidance provided by ISO 26000 (International Standard of Social Responsibility), ISO/IEC 27001:2013 (Information Security Management System) and ISO 37001 (International anti-bribery management systems standard). -0-

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19:01 01/24/2024