Navigate
X
    David Nargizian
  • 11 months ago
    • Categories: 2024

MTS Sells 100% of Shares in its Subsidiary MTS Armenia

The Fast Mode
Jan 30 2024
     
  •  RAY SHARMA

Mobile TeleSystems (MTS), a digital ecosystem, announces the closing of a transaction for the sale of 100% of the shares of its subsidiary in the Republic of Armenia, MTS Armenia CJSC (trademark Viva-MTS) to Fedilco Group Limited (Republic of Cyprus).

The transaction also included MobiDram CJSC, a payment system providing financial services in the Armenian market, a 100% subsidiary of MTS Armenia.

MTS received all corporate approvals necessary for the transaction, as well as permits from the regulatory authorities of the Republic of Armenia: the State Commission for the Protection of Economic Competition and the Public Services Regulatory Commission.Mobile TeleSystems (MTS), a digital ecosystem, announces the closing of a transaction for the sale of 100% of the shares of its subsidiary in the Republic of Armenia, MTS Armenia CJSC (trademark Viva-MTS) to Fedilco Group Limited (Republic of Cyprus).

The transaction also included MobiDram CJSC, a payment system providing financial services in the Armenian market, a 100% subsidiary of MTS Armenia.

MTS received all corporate approvals necessary for the transaction, as well as permits from the regulatory authorities of the Republic of Armenia: the State Commission for the Protection of Economic Competition and the Public Services Regulatory Commission.

MTS is Russia’s ecosystem providing network-native digital services and largest mobile operator. The company offers a full range of solutions for consumers and business customers across wireless and wireline connectivity; over-the-top, linear, and satellite television; digital-first banking and financial services; as well as unified communications, cloud computing and IoT.MTS is Russia’s ecosystem providing network-native digital services and largest mobile operator. The company offers a full range of solutions for consumers and business customers across wireless and wireline connectivity; over-the-top, linear, and satellite television; digital-first banking and financial services; as well as unified communications, cloud computing and IoT.

David Nargizian: