Orange Armenia has new CEO- Alexander Yesayan
YEREVAN, September 30. / ARKA /. Orange Armenia mobile operator said today that Alexander Yesayan was appointed as CEO of the company on September 3 after it was acquired fully by Ucom telecom provider.
The takeover of Orange Armenia by local telecom provide Ucom was allowed by the regulator on August 20.
Orange Armenia, 100% subsidiary of France Telecom, launched its mobile voice and internet services on November 5, 2009. Now the company provides a full range of voice and data services in 600 cities and villages of Armenia, to more than 95% of the population.
According to audited financial statements, in 2014 Orange Armenia sustained losses totaling 4 billion drams and it lost 3.85 billion drams in 2013. Orange Armenia has invested more than AMD 100 million over five years of its activity in Armenia.
Ucom (Universal Communications) established in 2007 provides telecommunication services. The company, under support from Ericsson, has created a broadband access network embracing Yerevan. It provides Internet, IP television and fixed telephony services. ($1 – 475.81 drams). -0-