VivaCell-MTS (MTS Armenia) explains decision to change shareholder

YEREVAN, January 24. /ARKA/. VivaCell-MTS (MTS Armenia), an Armenian mobile telecommunication operator, explained media reports about change of shareholder.
According to the company’s report, changes have been made only in the chain of shareholders and they were aimed at optimization.

“In fact, no changes have been made in distribution of shares, and the changes have been made solely for optimizing the organization, and this will have absolutely no impacts on the company’s activity,” the company’s press office says.  

The commission says in its draft decision that 99.99% of the company’s shares that belong to KT Holding SAL (Lebanese registration) will go to Aramayo Investment Limited (Cyprus).  

The remaining 0.01 percent belonging to other KT Holding SAL shareholders Pavel Masharov and Artyom Vasilyev – both Russian citizens, will be given to Aramayo Investments Limited as well.  

According to some sources, Artyom Vasilyev and Pavel Masharov hold leading positions at Russia’s MTS. 

VivaCell-MTS entered Armenia’s market in 2005. Its owner was K-Telecom, a company with Lebanese capital, which gave 80% of its shares to Russia’s MTS in 2007.
Before the appearance of VivaCell-MTS at Armenia’s mobile telecommunication market, only one company operated at the market.

Now Armenia has three mobile telecommunication operators – VEON Armenia (Beeline brand), VivaCell-MTS and Ucom.
VivaCell-MTS (K-Telecom CJSC), mobile telecommunication company, started operating in Armenia in 2005. 

The company’s activity embraces the entire territory of Armenia.

Mobile Telesystems (MTS), the largest mobile telecommunication operator in Russia and the CIS, holds 80% of the company’s shares, and the remaining 20% belong to Lebanese Fattouch Group. -0---

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15:25 01/24/2018