Russian cell operator MTS (Cell TeleSystems) has offered one hundred pc of its Armenian unit, MTS Armenia, to Fedilco Group after receiving regulatory approval. Accordingly, Viva-MTS introduced a change of its shareholder in a latest announcement. The transaction additionally included MobiDram, a fee system offering monetary companies within the Armenian market, a one hundred pc subsidiary of MTS Armenia.
Additionally Learn: MTS Launches Personal LTE Community at Kovdorsky GOK Mine
Regulatory Approvals Secured
MTS mentioned it obtained all company approvals vital for the transaction, in addition to permits from the regulatory authorities of the Republic of Armenia: the State Fee for the Safety of Financial Competitors and the Public Companies Regulatory Fee.
Strategic Significance and Funding Plans
“Viva-MTS has at all times attracted the eye of serious enterprises each domestically and internationally, as an organization with excessive profitability and successfully managed belongings, promising when it comes to future investments,” Viva-MTS mentioned.
“Viva-MTS is a wealthy mixture of administration cultures and enterprise fashions, laying the bottom for the Firm’s aggressive benefit and uniqueness not possible to copy.”
Additionally Learn: Group Telecom Armenia Stories Community Expansions in 2023
MTS Armenia
MTS Armenia has greater than two million cell subscribers. The official announcement famous that Viva-MTS invests from its earnings, shouldn’t be pledged or tasked with credit score commitments, and is financially self-sufficient. Whereas monetary phrases of the transaction weren’t disclosed, the corporate mentioned the investments will stay on the identical stage.
Additionally Learn: Viva-MTS Launches Armenia’s First 5G Community
Technological Developments
As reported by TelecomTalk in June 2023, Viva-MTS launched Armenia’s first 5G Community. The corporate famous that it was the primary to introduce 4G in addition to 3G networks within the area. Reportedly, the corporate prioritises the adoption of inexperienced environmental applied sciences in its cell communication infrastructure.
Contemplating the strategic significance of MTS Armenia for Armenia, Fedilco Group intends to switch 20 % of the shares of MTS Armenia to the Republic of Armenia, freed from consideration. Primarily based in Cyprus, Fedilco Group is owned by European and Asian buyers.
