Orange Business Services, a global telecommunications operator, announced that it has entered into exclusive discussions with Ucom, an Armenian internet service provider, to sell 100% of its mobile subsidiary Orange Armenia. Negotiations to involve international financial institutions are already underway.
In view of worldwide telecom market trends, in 2013 Ucom acquired 4G connectivity service license and planned to launch premium quality services through its LTE networks beginning in 2016, the Company said in a statement.
Orange Armenia entered the Armenian telecom market in 2009, and has since become a beloved and trusted telecommunication brand amongst hundreds of thousands customers.
Ucom said “The positive outcome of the negotiations between Orange and Ucom will provide with the prospect to sustain and leverage the potential of more than 500 professional staff members of Orange Armenia, as well as its innovative technical power. As a result, customers will receive modern and qualitatively different convergent solutions, as well as the added convenience of combining various offers and using the wide spectrum of telecommunication services from the same trusted provider: an opportunity that the Armenian market has never had before.”