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Russian provider Rostelecom has abandoned plans to sell one of Armenia's largest telecommunications operators, GNC-Alfa. This became known on March 16, 2023.
At the end of 2021, Rostelecom announced its intention to sell GNC-Alfa for $25 million: the deal was planned to be closed in the first quarter of 2022. However, due to the current geopolitical situation, the transfer of assets had to be postponed. According to Interfax, referring to the statements of the President of the Russian telecom operator Mikhail Oseevsky, Rostelecom has changed its position regarding GNC-Alfa.
| Now the issue of selling [GNC-Alfa] has passed, we have decided on active development, "Oseevsky said on the sidelines of the congress of the Russian Union of Industrialists and Entrepreneurs (RSPP). |
The head of Rostelecom noted that the company has launched the Wink video service in Armenia, combining the capabilities of interactive television and an online cinema. In addition, a new data center (DPC) is being built. It is also reported that on March 15, 2023, Rostelecom opened a new service and sales center in the Shengavit administrative district in Yerevan. Here subscribers will be able to subscribe to various operator services. In addition, Rostelecom introduced the services of a "personal account" and telephone service for subscribers, providing the opportunity to conclude agreements both via the Internet and through telephone communications.
| In the newly opened new service and sales center, we will meet any client with great warmth and readiness, providing a high-quality service. I would like to thank all of our subscribers for their trust. This obliges us to make every effort to develop both the telecommunications industry in Armenia and the high quality of services, "said Hayk Faramazyan, General Director of Rostelecom Armenia.[1] |
January 19, 2022 it became known about the sale of Rostelecom"" one of the largest telecommunication operators Armenia GNC-Alfa. It was acquired by the holding Samvela Karapetyana "," Tashir which will join the purchased asset to the subsidiary of the "Electric Network of Armenia."
According to the Armenian edition "Sibilent," the formal buyer of 100% GNC-Alfa will be the Cypriot offshore Molitro Holdings. As part of the transaction, the object of acquisition will be another offshore - Filor Ventures, which is the sole owner of GNC-Alfa. According to the Armenian edition of Sibylent, Molitro Holdings is 60% owned by Russian citizen Arman Unanyan, 40% - by "Electric Networks of Armenia."
The value of the transaction has not been officially disclosed. In mid-December 2021, Rostelecom President Mikhail Oseevsky said that the company hoped to sell the Armenian operator for $25 million. It is known that Rostelecom has already negotiated the sale of GNC-Alfa several times. According to Oseevsky, the company was "in a state of continuous search for a buyer" GNC-Alfa.
As the specialist of the Commission's apparatus Armen Unanyan noted in an interview with journalists on January 19, 2022, in the next five years GNC-Alfa intends to invest 2.5 billion drams (about $5 million) in the development of the telecommunications network, and another 1.5 to 1.8 billion drams (3-3.5 million dollars) in a year - to update its existing infrastructure, which includes international optical cable of Internet communication, retail network of the Internet, IP television, as well as fixed telephone communication.
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