As announced today, Orange has entered into exclusive discussions with Ucom company for the sale of Orange Armenia shares. Exclusive discussions mean that discussions on an agreement to be signed are ongoing and validation by Armenia public authorities has to happen in order to close the deal. Following the finalization of the transaction Orange Armenia will remain a full player on the Armenian telecommunication market with 650.000 customers, its network infrastructure, shops and personnel but with a new shareholder.

"The agreement between Orange Group and Ucom will enable both our companies to unite their complementary strengths and offer customers innovative service including fixed and mobile convergent offers. If the negotiations are finalized and the deal is closed, Orange Armenia will have a new shareholder yet we will continue duly serving our customers, offering a wide range of tailored innovative services and an individualized customer care approach as before” - said Francis Gelibter, General Director of Orange Armenia.