Orange Armenia

Orange Armenia was the Armenian branch of telecommunications company Orange S.A. It was one of the three companies having license for mobile networking till 2015.

Orange Armenia
TypePrivate
Revenue AMD 20 billion (2012)[1]
Number of employees
800
ParentOrange S.A.

History

Orange entered an Armenian telecommunication market with the mobile services delivery operating licence in fall of 2009, and had 501,000 subscribers by the end of 2014.[2] The business employed 500 people by that date.[3]

In July 2015, Orange decided to withdraw from Armenian market since, as the leadership explained: "its Armenian unit did not have the scale to carry out the investments required to offer its own converged services in the country".

Orange announced its negotiations with local Armenian ISP "UCOM" Limited Liability Company in July 2015, stating that the deal would create a "strong Armenian player capable of offering its customers a broad range of fixed and mobile services."[4]

In August 2015 talks were announced to be concluded successfully and Armenian Public Services Regulatory Commission cleared the deal, admitting that "Orange Armenia lacks the resources required to justify investing in its network, in particular in offering converged fixed and mobile services in the country".[5]

Final merger was officially announced to enter into force as of 21 December 2015 since that time "“UCOM” Limited Liability Company became an only shareholder of Orange Armenia CJSC and legal successor of all its liabilities of the Orange Armenia. "[6]

References
  1. "2012 Registration Document" (PDF). Orange. Retrieved 2013-08-10.
  2. "Main economic indicators of Orange Armenia Performance in 1 QTR 2015" (PDF).
  3. "Orange cleared to sell Armenian unit to local ISP Ucom".
  4. "Armenian regulators expected to approve acquisition of Orange Armenia by Ucom". www.Arka.am. September 18, 2015.
  5. "PSRC authorises UCOM's Orange Armenia buyout". Telegeography - Authoritative Telecom Data. August 21, 2015.
  6. "Resolution on reorganization of "Orange Armenia" CJSC has been adopted". Orange Armenia official website. December 25, 2015.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.