Veon withdraws from talks to sell Armenia unit to Ucom

Wednesday 6 May 2020 | 10:34 CET | News
Veon announced that it has withdrawn from discussions with Armenian operator Ucom related over a potential merger of their operations in Armenia. The talks were first disclosed in January and covered a potential sale of the operator Beeline Armenia to Ucom. Since then, Ucom has undergone a change in management. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Armentel / Beeline Armenia / Ucom / Veon
Countries: Armenia
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Ucom requests block to merger of Beeline Armenia and Team

Published 07 Jul 2020 21:48 CET | Armenia
Armenian operator Ucom has issued a statement regardings its position on a potential acquisition of 100 percent of Beeline ...

Veon confirms talks to sell Beeline Armenia to new operator Team

Published 09 Jun 2020 17:10 CET | Armenia
Ayk Esayan and Alexander Esayan, the former minority shareholders and managers of Armenian operator Ucom and co-founders of the ...

Beeline Armenia appoints new CCO

Published 25 May 2020 12:24 CET | Armenia
Beeline Armenia has appointed Arina Arustamyan the new CCO of the company, reports Arka.am. Arustamyan has served as acting CCO ...

Ucom faces staff shortage after resignations

Published 15 May 2020 12:59 CET | Armenia
Armenian operator Ucom has seen its workforce shrink to around 1,160 staff, reports Arka.am. Some 520 employees have recently ...

Veon withdraws guidance as results turn lower in April

Published 07 May 2020 09:56 CET | World
Veon reported a small increase in organic revenue in the first quarter of 0.3 percent, while EBITDA fell 1.8 percent on the same ...

Ucom appoints new CEO

Published 30 Apr 2020 14:59 CET | Armenia
The management board of Armenian operator Ucom has appointed Ara Sergei Khachatryan the new CEO of the company. The operator also ...

Ucom's CEO announces resignation, plans to launch new company

Published 21 Apr 2020 13:27 CET | Armenia
Ayk Esayan, the CEO of Armenian operator Ucom, has announced that he is stepping down from his duties at the company, reports ...

Ucom denies reports Beeline Armenia exec to become CEO

Published 16 Apr 2020 14:58 CET | Armenia
Armenian operator Ucom has denied reports it plans to appoint Andrey Pyatakhin, the current CEO of Beeline Armenia, to the ...

More Ucom staff threaten resignation over shareholders dispute

Published 15 Apr 2020 17:16 CET | Armenia
Almost half of the around 1,800 employees at Armenian operator Ucom have submitted their resignation due to the conflict between ...

Veon confirms talks with Ucom on possible Beeline Armenia sale

Published 16 Jan 2020 14:02 CET | Armenia
Veon has acknowledged recent media reports concerning a potential sale of its unit Beeline Armenia and confirmed it has entered ...

Calendar   /   Industry Events

10 Aug Synchronoss Q2
10 Aug ON Semiconductor Q2 2020
10 Aug Pixelworks Q2 2020
10 Aug Sohu Q2 2020
10 Aug Avaya fiscal Q3
10 Aug Ceva Q2
10 Aug Gogo Q2 2020
11 Aug Viavi fiscal Q4
11 Aug NTT fiscal Q1
11 Aug Zoom Telephonics Q2 2020
11 Aug Rakuten Group Q2
11 Aug Lumentum fiscal Q4
11 Aug Radcom Q2 2020
12 Aug Tecnotree H1 2020
12 Aug Freenet Q2 2020
12 Aug Tencent Q2 2020
12 Aug Cisco fiscal Q4
12 Aug China Unicom Q2 2020
13 Aug iQiyi Q2 2020
13 Aug 1&1 Drillisch Q2 2020
13 Aug United Internet H1 2020
13 Aug Teleste Q2 2020
13 Aug RTL Group Q2 2020
13 Aug China Mobile H1 2020
13 Aug Singtel fiscal Q1
13 Aug Teleste Q2 2020
13 Aug Deutsche Telekom Q2 2020
13 Aug Swisscom Q2 2020
13 Aug Telstra FY results
14 Aug TDC Q2 results
::: More Calendar Items