Team Telecom Armenia officially announced the start of the initial public offering of shares (IPO). This strategic decision will allow the company to invest more in infrastructure development, strengthen its role in the market, and encourage open and transparent business practices.
Ameriabank will place 40 million shares with a total value of 8 billion 240 million AMD. After the order, Team Telecom Armenia's shares will be listed on the Armenian Stock Exchange, further strengthening the company's visibility and rating.
In his opening speech, the General Director of Team Telecom Armenia, Hayk Yesayan, thanked all the guests for spending that important day with them and sharing their successes.
“The initial public offering documents our commitment to transparent practices, growth, and development of the telecommunications industry. The IPO will strengthen our infrastructure and market presence and enable investors to join us on this exciting journey. From now on, we will shape the future of Armenia's telecom sector together with the shareholders of Team."
In his speech, RA Finance Minister Vahe Hovhannisyan referred to the steps that the ministry is taking for the development and activation of the capital market and noted:
"The fact that Team Telecom Armenia is going to the primary placement of shares is a fundamental impulse, which shows that the energy formed in the direction of the development of the capital market is gradually being capitalized. We will continue working toward forming a deep and liquid market for domestic public debt. We are committed to carrying out this process to continue impacting the corporate market's development positively."
Artak Hanesyan, Chairman of Ameriabank's Directorate - General Director, stated in his speech that this is genuinely a public placement, as anyone can become a Team shareholder online and automatically.
"It is a great honor for Ameriabank to play a vital role in the public placement of shares of Team Telecom Armenia, which we genuinely consider a historic event for the Armenian capital market. A fairly diversified and long list of investors is being formed, which is the main guarantee of having an active secondary market.
Team Telecom Armenia shares are available on the MyInvest platform of Ameriabank's MyAmeria application. This allows investors to buy shares online, have constant access to the investment portfolio, and get detailed information about it.
Team Telecom Armenia will direct the involved funds to expand the fiber optic NGN network throughout Armenia, launching the 5G mobile network and activating new international channels. Working in the field of digital technologies, the company will also pay great attention to the introduction of modern digital tools and solutions and the implementation of other ambitious projects.
Minister of Finance Vahe Hovhannisyan, Vice President of the Central Bank Armen Nurbekyan, ambassadors accredited to Armenia, representatives of international organizations and other officials, as well as colleagues, potential shareholders, and teammates of Team Telecom Armenia, were present at the official event.
