Founders of Armenia’s Ucom offer AMD 34 billion for 94% of sharesApril 14, 2020 - 17:58 AMT PanARMENIAN.Net - Founders and minority shareholders at the Armenian telecommunications company Ucom, brothers Hayk and Aleksandr Yesayany are ready to pay AMD 34 billion ($70) for 94% of shares of the company. The Yesayans had earlier offered AMD 22,1 billion for the shares they do not control. The brothers and their team started Ucom back in 2009, with several Armenian and Diaspora businessmen acquiring shares in the coming years. The brothers’ share is 6% now. The management staff and several hundred employees, however, resigned days earlier. Hayk Yesayan was the Director General of Ucom prior to his resignation, which reportedly came amid disagreements between the senior staff and the shareholders who allegedly wanted to appoint Beeline CEO Andrey Pyatakhin at the helm of Ucom once the two companies merged. It was reported earlier that Veon Armenia (trademark Beeline) has applied to the Public Services Regulatory Commission to get permission to sell its shares to Ucom. The Board of Directors has confirmed in the message that a new Director General will be appointed, but promised that Ucom is and will always remain an Armenian company. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |