Ameriabank news

Team Telecom Armenia officially announced the launch of the initial public offering (IPO) of its shares. This strategic decision will allow the company to invest more towards infrastructure development, strengthening its role in the market, and encouraging open and transparent business practices. 

Ameriabank will place 40 million shares with a total value of AMD 8 billion 240 million. After placement, Team Telecom Armenia’s shares will be listed on the Armenia Securities Exchange, further strengthening the company’s visibility and rating. The details of public offering are available here.

In his opening speech Hayk Yesayan, CEO of Team Telecom Armenia, thanked all the guests for spending that important day with them and sharing their achievements: 
“The initial public offering is a testament to our commitment to transparent practices, growth, and development of the telecommunications industry. The IPO will not only strengthen our infrastructure and market presence but also provide an opportunity for investors to join us on this exciting journey. Hereinafter, we will shape the future of the telecom sector of Armenia together with Team’s shareholders.”
 
Artak Hanesyan, Chairman of the Management Board-CEO of Ameriabank, stated in his speech that it was genuinely a public placement, as anyone could become a Team shareholder online and automatically:  

“It is a great honor for Ameriabank to play a pivotal role in the public placement of shares of Team Telecom Armenia, which we genuinely consider a historic event for the Armenian capital market. I can say, a fairly diversified and long list of investors is being formed, which is the main guarantee of having an active secondary market.”
Team Telecom Armenia shares are available on MyInvest platform of Ameriabank’s MyAmeria application. It allows investors to buy shares online, have constant access to the investment portfolio, and get thorough information about it. 

Team Telecom Armenia will use the raised funds to expand the fiber optic NGN network throughout Armenia, launch the 5G mobile network and activate new international channels. Operating in the field of digital technologies, the company will also pay great attention to introduction of modern digital tools and solutions and implementation of other ambitious projects.

Minister of Finance Vahe Hovhannisyan, Vice President of the Central Bank Armen Nurbekyan, ambassadors accredited to Armenia, representatives of international organizations and other officials, as well as colleagues, potential shareholders, and teammates of Team Telecom Armenia, were present at the official event.

Please watch the video for details.