MTS Exits Armenian Market, With Fedilco Group Taking Over Viva-MTS


MTS Group Exits Armenian Market, With Fedilco Group Taking Over Viva-MTS
Russian cell operator MTS (Cell TeleSystems) has bought 100% of its Armenian unit, MTS Armenia, to Fedilco Group after receiving regulatory approval. Accordingly, Viva-MTS introduced a change of its shareholder in a current announcement. The transaction additionally included MobiDram, a cost system offering monetary providers within the Armenian market, a 100% subsidiary of MTS Armenia.

Additionally Learn: MTS Launches Non-public LTE Community at Kovdorsky GOK Mine

Regulatory Approvals Secured

MTS mentioned it acquired 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 Providers Regulatory Fee.

Strategic Significance and Funding Plans

“Viva-MTS has all the time attracted the eye of serious enterprises each regionally and internationally, as an organization with excessive profitability and successfully managed property, promising by way of 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: Workforce Telecom Armenia Reviews 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, just isn’t 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 similar degree.

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. Based mostly in Cyprus, Fedilco Group is owned by European and Asian buyers.


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