Orange signs an agreement with Ucom for the sale of 100% of its shares in Orange Armenia
Aug 9, 2015
Paris, Friday, August 7, 2015
The Orange Group has announced that it has signed an agreement with Ucom, an Armenian internet service provider, to sell 100% of its shares in its mobile subsidiary Orange Armenia.
This agreement will enable the creation of 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 the Orange group acquired a mobile telecoms license. Orange has since deployed one of the country’s most extensive 3G+ networks both in the capital Yerevan and in rural areas, and is the leader in mobile internet. Orange Armenia had 630,000 customers at the end of 2014 and employs 500 people.
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