Ucom confirms its intention to purchase Orange Armenia

Ucom press service disseminated the following press release today:

“Orange and Ucom are negotiating around purchase of 100% of shares of Orange Armenia. We are already pursuing talks on involving international financial institutions.

Taking into account the trends in the world telecommunication market development, Ucom got the permission of providing 4G technology services in 2013 and is going to provide high-quality  LTE services from 2016.

Orange Armenia entered the Armenian telecommunication market in 2009, and has made considerable success owing to its professional staff. It has become a reliable and popular telecommunication operator for hundreds of thousands of subscribers.

Offering innovative solutions and high-quality services, Ucom has managed to take a stable position among the leaders of landline telecommunication over a short period of time.

The positive outcome of talks between Orange and Ucom will allow us preserving and uniting the potential of Orange Armenia’s professional staff of 500 as well as innovative technical capacities. As a result, subscribers will be provided with super modern and brand new convergent services as well as extra convenience to get various services from one reliable operator which option hasn’t been available in Armenia so far”.