Orange signs deal to sell Armenian subsidiary

Nieuws Mobiel Armenië 9 AUG 2015
Orange signs deal to sell Armenian subsidiary
Orange has signed an agreement to sell its wholly-owned subsidiary Orange Armenia to Armenian ISP Ucom. The French telecom group said the operation will help create a strong convergent Armenian player capable of offering its customers a broad range of fixed and mobile services. Orange Armenia was established in 2009 after Orange acquired a mobile telecoms licence. Orange Amernia offers services over its 3G+ networks in the capital Yerevan and in rural areas. It had 630,000 customers at the end of 2014 and employs 500 people. Further details of the agreement were not disclosed.

Categories:

Mobiel

Companies:

Orange Armenia,  Ucom

Countries:

Armenië

Tags:

Voice services, Data services, Messaging, Wireless, M&A buyouts & divestments

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