Economic and Business News

Curating the news about Armenia’s economy and business, worldwide and locally.

  • Economy

    VEON to sell Armenia business to Team

    Photo: Getty Images VEON Ltd., a global provider of connectivity and internet services, today announces that it has concluded an agreement for the sale of CJSC “VEON Armenia”, VEON’s operating subsidiary in Armenia, to Team LLC. It is anticipated that the transaction will close shortly. The sale of the Armenian operations is in line with VEON’s ambition to simplify the Group’s structure and enhance its operational focus on markets with attractive long-term growth opportunities. The value of the transaction equates to an EV/EBITDA multiple of 2.9x based on 2019 reported EBITDA. Read original article here.


Latest News about Armenia at Your Fingertips

We aggregate and curate news from all over the web and social media, organizing them by categories and topics of interest, so you could make your own decisions about events and people connected with Armenia.

This website uses cookies and third party services. Ok