"Telecom Armenia" OJSC (trademark: Team Telecom Armenia) has issued and is allocating stocks through a public offering, allowing everyone to participate in the company's development, make an investment, share the success, and become a Team shareholder.

The company plans to allocate 40 million stocks with a total volume of 8 billion 240 million drams. The offering will be from 7 June to 31 October this year.

"Team Telecom Armenia is the first company in the telecommunications sector to undertake its IPO in Armenia. With this step, we are becoming more open and public, forming a more transparent way of working, and will share our successes with subscribers and future shareholders. Due to teamwork, the company has ensured stable financial growth in recent years and is already taking the next bold step in the financial sector. Due to the new investments, we will implement our ambitious plans faster, together developing the telecommunications sector, digital technologies, and the country's economy," says Hayk Yesayan, General Director of Team Telecom Armenia.

The company will use the funds raised to roll out the fiber optic NGN network throughout Armenia, launch the 5G mobile network, and activate new international channels. Being engaged in the field of digital technologies, the company will also pay immense attention to the introduction of modern digital tools and solutions and the implementation of other ambitious projects.

The stock prospectus of "Telecom Armenia" OJSC has been registered by the decision of the Central Bank of Armenia No. 1/288A as of 31/05/2023. "AMERICA BANK" CJSC is acting as Lead Arranger for the offering. The stock purchase procedure, the prospectus's electronic version, and the IPO announcement are here.