Armenia’s leading broadband and telecommunications provider, Team Telecom Armenia, has marked a year of significant accomplishments in network expansion and technological advancements. The company’s success is highlighted by a historic initial public offering (IPO) that raised 8.2 billion Armenian Dram (AMD). This event saw the sale of approximately 40 million shares, increasing the shareholder base by a thousandfold and making Team Telecom Armenia the first Armenian telecom company to list its shares on the stock exchange via primary placement.
The company has ambitious plans for the raised capital. Key among them is the expansion of its fiber optic Next Generation Network (NGN) throughout Armenia and the launch of 5G mobile networks. These initiatives are part of the company’s broader vision to enhance Armenia’s digital infrastructure and catapult the nation into a new era of technological development.
Team Telecom Armenia has already made significant strides in this direction. It has completed the construction of the NGN network in major cities of the Syunik region, extending coverage to over 21,000 premises. This expansion has resulted in a high-speed network that now reaches 223,000 households in Armenia, offering an impressive bandwidth of 25,000 Mbps. The company has also reequipped 34 mobile stations to support these technological advancements and improve service quality.
As part of its commitment to enhance the reliability and quality of internet services, Team Telecom Armenia has established new representative points in data centers located in Frankfurt and Amsterdam. These strategic locations serve as hubs for digital traffic, facilitating faster and more reliable connections for Armenian internet users.
Apart from its core telecom operations, Team Telecom Armenia has also launched several innovative projects. This includes the Team Energy fast charging stations for electric vehicles and the introduction of the GeoForce Games Cloud service. These initiatives, along with various corporate social responsibility projects, underscore the company’s commitment to driving innovation and sustainable development in Armenia.
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