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Orange enters talks to sell Orange Armenia to Ucom

2015-07-22 08:45:00| Telecompaper Headlines

(Telecompaper) Orange has entered into exclusive discussions with Armenian ISP Ucom to sell it 100 percent of its mobile subsidiary Orange Armenia. The planned disposal is in line with Orange's Essentials2020 plan, which sees the group focus on providing customers with high-quality mobile and fixed convergent services. The operator said that although Orange Armenia has made significant progress in subscriber numbers and profitability, it does not have the necessary scale to carry out by itself the massive investment necessary to offer convergent services. Its sale to Ucom would enable the creation of a strong Armenian operator offering both fixed and mobile services. Orange Armenia, created in 2009, has deployed one of the country's biggest 3G+ networks in Yerevan and rural areas. It had 630,000 customers at the end of 2014 and employs 500 people. 

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Category:Telecommunications

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