20% of Viva-MTS shares will be transferred to the state

Viva-MTS has officially announced the change of shareholders and no longer being a part of the Russian "MTS" group.

Viva-MTS made a statement, in which it is said, in particular, that the new shareholder is "FEDILCO GROUP LIMITED" (FEDILCO GROUP LIMITED), whose owners are European and Asian investors.

"Taking into account the strategic importance of "MTS Armenia" CJSC for Armenia, "Fedilco Group Limited" intends to transfer 20% of the shares to the Republic of Armenia free of charge," the message said.

"Viva-MTS, as a leading and innovative technological company in the ICT sector of Armenia, has always been the focus of attention of large local and international companies, as a company with high profitability and effective management, active and promising from the point of view of making new investments. Viva-MTS is a leading ICT company in Armenia with a wide range of services. The company has a customer base of more than 2 million, constantly ensures a stable rate of growth and high profitability. It has an effective corporate management system and a strong, established, professional team. Viva-MTS is a rich mix of management cultures and business models, which is the basis of the company's competitive advantage and uniqueness," said Viva-MTS General Director Armen Avetisyan.

"Viva-MTS carries out its investments from the profits arising from its activities, is not pledged and is not burdened with credit obligations, is financially completely self-sufficient, and offers its employees a competitive salary. The volume of investments will continue to be no less than what was done before. The management of Viva-MTS will continue to be carried out by the current management team under the leadership of General Director Armen Avetisyan," the message said.

It states that "Fedilco Group Limited" is a company registered in Cyprus, whose ultimate beneficial owners are Zhe Zhang and Konstantin Sokolov.

"Zhe Zhang and Konstantin Sokolov are professional investors with rich experience in the fields of telecommunications, finance, energy and asset management. Their multi-faceted experience in the field of telecommunications, combined with sector-specific knowledge and forward-looking approaches, make them valuable specialists who know the specifics of the sector. In addition to their traditional roles, their knowledge extends to emerging technologies and market trends, positioning them as a valuable asset in this dynamic industry," the statement said.