Telecom Armenia OJSC (formerly Armentel and VEON Armenia) is an Armenian broadband and telecommunications company, headquartered in Yerevan.
Telecom Armenia OJSC is the first telecommunications company in Armenia to conduct an initial public offering (IPO), becoming even more open and public. The company's shares are listed on the Armenia Stock Exchange.[1]
History
Telecom Armenia belongs to Team CJSC, which was founded by Armenian businessmen Hayk and Alexander Yesayan. In November 2020, Team CJSC (successor of Team LLC) acquired 100% shares of VEON Armenia CJSC (former Beeline TM), thus becoming the successor to the first telecommunications subsystem in Armenia. After the transaction, VEON Armenia was renamed to Telecom Armenia, which up to its rebranding[2] was acting under the trademark Beeline.