After placement through an initial public offering, the shares of Team Telecom Armenia were officially listed on the Armenian Stock Exchange, entering the free market. From now on, all individuals and legal entities can buy and sell the mentioned shares through the Armenian Stock Exchange trading system through the mediation of market participants.

During the initial public offering, the company allocated 40 million shares worth 8 billion 240 million AMD. As a result of the placement, around 1,000 investors became shareholders of Team Telecom Armenia.

"This is a historic event for Armenia's telecom sector. It was the first time a telecommunications operator entered Armenia's capital market by listing on the stock exchange. Our team was able to implement a project that, many years ago, seemed like a far-fetched idea. Still, today, it is a reality, which I am sure will activate the capital market of our country and form a new culture of investing," said Hayk Yesayan, General Director of Team Telecom Armenia.

"I congratulate Team Telecom Armenia for showing such courage because making such a decision and its successful implementation require courage and professional implementation. Successful companies are those that are not afraid to be accountable to society. Team Telecom Armenia is a public company and is available to a wide range of investors. I hope this will become a positive impulse in the Armenian business environment and encourage other companies to attract funds in this way and become companies of public importance," said Hayk Yeganyan, CEO of the Armenian Stock Exchange.

Team Telecom Armenia will direct the funds to expand the fiber-optic NGN network throughout Armenia, construct the 5G mobile network, and activate 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.

Team Telecom Armenia shares can be purchased through the trading system of the Armenian Stock Exchange by approaching any bank or investment company member of the Armenian Stock Exchange, opening a brokerage account, and submitting a share purchase request. Details: www.amx.am.