Telecom Armenia

Telecom Armenia OJSC (Armenian: Տելեկոմ Հայաստան, romanized: Telekom Hayastan) (formerly Armentel and VEON Armenia) is an Armenian broadband and telecommunications company. Telecom Armenia, an integrated telecommunications services operator, is headquartered in Yerevan.

Telecom Armenia
Native name
Տելեկոմ Հայաստան
FormerlyArmentel (1995-2017)
VEON Armenia (2017-2020)
Beeline Armenia (2020-2022)
TypeOJSC
IndustryTelecommunications
Founded1995 March
HeadquartersYerevan, Armenia
Key people
Hayk Yesayan (CEO)
ProductsFixed-line and mobile telephony, broadband and fixed-line internet services
Websitehttps://www.telecomarmenia.am/en

History

Telecom Armenia OJSC was found as "Armentel" in March 1995. On 3 November 2006, it became a subsidiary of the Russian corporation VimpelCom (later called VEON) and started operating under the Beeline brand. The company was renamed to "VEON Armenia" sometime in 2017. On 29 October 2020, TEAM LLC acquired 100% of the company's shares using credit funds, and renamed the company to "Telecom Armenia OJSC". Telecom Armenia currently belongs to "TEAM LLC", which was founded by Hayk and Alexandr Yesayan.

Telecom Armenia OJSC formerly operated under the Beeline brand.

Telecom Armenia provides telephone communication services GSM 900/1800, 3G (UMTS) and standard mobile communication 4G (LTE), fixed telephone communication, and also provides Internet access using CDMA, ADSL, FTTB and VDSL technologies.

The headquarters of Telecom Armenia is located in Yerevan, on Azatutyan avenue 24/1.

Operations

Telecom Armenia OJSC provides services of GSM 900/1800, 3G (UMTS) and 4G (LTE) standard mobile communication, fixed telephony as well as Internet access based on CDMA, ADSL and FTTB technologies under Beeline brand on the whole territory of Armenia.

Since 2007, Beeline has been consistently developing broadband internet access services by ADSL technology - Hi-Line, and in March 2012, the company brought into commercial operation Internet access service by FTTB technology - Hi-Line Optic, the inhabitants of the city Gyumri were the first to experience the new service. In 2008, Telecom Armenia OJSC became the first Armenian mobile operator to launch 3G network. Beeline 3G network covers more than 350 Armenian settlements with population of more than 2,9 million. In 2016 Beeline started providing services of 4G network.

As of the end of 2013, Yerevan's urban telephone network was 100% digitized. The countrywide digitalization index is 94%.

Controversy

The merge and acquisition of Beeline Armenia to TEAM LLC is currently disputed in court,[1][2][3] initiated by Ucom, the competitor telecommunications company and the previous home of TEAM LLC's founders.[4] The Yerevan Court of General Jurisdiction proceeds the case of unfair competition committed by TEAM LLC. It is known, that in January 2020 VEON confirmed[5] discussions with Ucom LLC regarding a potential transaction in Armenia, however withdrew it in May 2020.[6] It is reported, that the knowledge of VEON deal is appropriated by TEAM LLC founders via violating employment terms.[7][8]

See also

References
  1. "Ucom files lawsuit to prevent what it terms 'unfair competition' from Team LLC-VEON Armenia deal". www.telegeography.com. Retrieved 2022-09-09.
  2. "The court awarded Ucom's motion to apply interim measure". www.ucom.am. Retrieved 2022-09-09.
  3. Barton, James (2020-08-12). "Ucom files lawsuit to block Team's Beeline buy". Developing Telecoms. Retrieved 2022-09-09.
  4. "Yesayan brothers seek to purchase VEON Armenia through new venture 'Team'". www.telegeography.com. Retrieved 2022-09-09.
  5. VEON confirms discussions with UCom LLC regarding a potential transaction in Armenia https://www.veon.com/media/media-releases/2020/veon-confirms-discussions-with-ucom-llc-regarding-a-potential-transaction-in-armenia/
  6. VEON withdraws from discussions with UCom CJSC related to potential transaction in Armenia https://www.veon.com/media/media-releases/2020/veon-withdraws-from-discussions-with-ucom-cjsc-related-to-potential-transaction-in-armenia/
  7. "Ucom management staff resign: media". PanARMENIAN.Net. Retrieved 2022-09-09.
  8. "Armenian Telecom Firm's CEO, Employees 'Quit In Protest'". «Ազատ Եվրոպա/Ազատություն» ռադիոկայան (in Armenian). Retrieved 2022-09-09.
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