MTS Armenia Shares to be Sold: Decision Made

The Public Services Regulatory Commission has approved the sale of 100% of MTS Armenia’s shares. The decision was made during today’s commission meeting, as reported by Liana Azizyan, the spokesperson for the PSRC.

Earlier, it was announced that MTS Armenia LLC would be sold to the Cypriot company Fedilko Group Limited.

MTS Armenia LLC applied to the commission on November 3, informing that the Cyprus-registered Fedilko Group Limited wishes to acquire 100% of the shares from Aramayo Investments Limited.

The draft decision noted that the Ministry of High-Tech Industry of the Republic of Armenia and the National Security Service had no objections regarding the signing of the deal.

It is worth remembering that in April 2023, the Competition Protection Commission of Armenia prohibited Fedilko Group Limited from acquiring shares of MTS Armenia LLC.

The Public Services Regulatory Commission had also opposed the transaction, stating that the deal harms or could harm the state interests and national security of Armenia.