ADC ATTRACTS NEW INVESTMENT AND PARTNERSHIP BY INVITING LEADING DUBAI-BASED INVESTMENT FIRM DELTA PARTNERS TO ARMENIA
Panorama.am
15:48 04/02/2009
ADC is proud to announce that Delta Partners, an integrated management
advisory and investment firm specialized in the Telecoms, Media
and Technology (TMT) sector, joins ADC in further establishing the
Company and the Armenian telecommunications sector. Delta Partners is
investing USD$6 million in ADC with the aim to develop the company’s
service portfolio, as well as, support expansion plans geographically.
Delta Partners’ investment and expertise will enable ADC to
strengthen its presence in the residential market with an integrated
offer. Expansion will take place both in Yerevan and other cities in
the north of the country. Networking and services will be extended
based on market demand and users acceptance of the new offers made.
ADC will continue to extend and operate a state-of-the-art fibre-optic
network with IP/MPLS switching technology and virtually unlimited
capacity to serve the needs of the Armenian market place. The enlarged
team, with Delta Partners on board, will ensure that ADC stays in
the forefront and retains leadership within the market segments the
company targets.
The inclusion of Delta Partners as a shareholder in ADC strengthens
the company’s ability to respond quickly to market needs for wider
network coverage and new services introduction. Expansion can take
place whilst ensuring premium quality on all parts of operations,"
said Harald Grytten CEO of Armenian Datacom Company.
"Our integrated business model allows us, at every stage of
the investment cycle, to provide a hands-on approach focused on
specialization and experience," said Kristoff Puelinckx, Managing
Partner, Delta Partners. "Armenia’s continued growth as an economy,
allows telecommunications operators such as ADC to cater to the
needs of the marketplace. We are committed to working closely with
ADC to provide strategic advise in order to further establish the
infrastructure of the Armenian telecommunications market and develop
new services that will capture the significant opportunities that
lie ahead."
The investment into ADC falls in line with Delta Partners Telecom
Fund, a private equity fund focused on investing in telecom, media
and technology (TMT) companies. Through Delta Partners private
equity business, the Company aims to provide superior returns to
both investors in the Fund and shareholders in the various portfolio
companies. Delta Partners investment into ADC represents the Company’s
fourth investment.
"Armenian Datacom Company" CJSC is an Armenian-Norwegian joint
venture formed in April 2006. The company operates a large fibre-optic
network in the Armenian capital, Yerevan, with a significant business
subscriber portfolio. ADC’s network is based on state-of-the-art
IP/MPLS technology with total infrastructure length exceeding
400km. ADC’s commercial proposition is to satisfy the continuously
rising demand for electronic communication services and to create
modern networking solutions of tomorrow.
The company’s investment strategy is to continuously develop and
extend services in line with market demand. An expansionist policy is
followed, and the network continues to be extended both geographically
and in terms of its service portfolio capabilities.
For more information about ADC please visit
Delta Partners, is a leading integrated investment and management
advisory firm specialized in the Telecoms, Media and Technology (TMT)
in high growth markets. With more than 130 professionals operating
from their offices in Dubai and Johannesburg, Delta Partners provides
services through its three highly synergetic business lines: Private
Equity, Advisory and Corporate Finance.
Delta Partners delivers tangible results through an exclusive sector
focus, and a unique approach to services, combining strategic advice
and hands-on pragmatic approach.
For more information about Delta Partners please visit
From: Emil Lazarian | Ararat NewsPress