Team Telecom Armenia Reports Network Expansions in 2023

Team Telecom Armenia highlighted its successful IPO, the construction of a new-generation network, the upgrading of mobile stations, the launch of the Team Energy project, and other programs as part of the year's developments.

Highlights

  • New high-speed internet coverage reaches major cities in Syunik and over a dozen other locations
  • Upgrades to 34 mobile stations and expansion of data center presence in Europe.
  • Team Telecom raised 8.2 billion AMD through its initial public offering.

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Team Telecom Armenia Reports Network Expansions in 2023
Armenian broadband and telecommunications company Team Telecom Armenia, in its annual review, summarised the developments surrounding the company and the network improvements undertaken in Armenia. In its official release, Team Telecom Armenia highlighted its successful IPO, the construction of a new-generation network, the upgrading of mobile stations, the launch of the Team Energy project, and other programs as part of the year's developments.

Also Read: Team Telecom Brings NGN to Over 21,000 Premises in Syunik, Armenia




IPO Success

Team Telecom Armenia claimed to be the first telecom company in Armenia whose shares were listed on the stock exchange through primary placement. Approximately 40 million shares, with a total value of 8 billion 240 million AMD, were distributed, increasing the number of shareholders by 1000. The company said it would utilise the funds raised for expanding the fiber optic NGN network throughout Armenia, launching 5G mobile networks, and other initiatives.

Next-Gen Network Expansion

The company also announced the completion of the NGN network construction in major cities of Syunik marz and in more than a dozen cities and villages in other marz. Currently, 223,000 households in various settlements in Armenia are covered by this high-speed network, boasting a bandwidth of 25,000 Mbps.

Mobile Station Upgrades

Additionally, the company reported the reequipping of 34 mobile stations and the addition of new representative points in data centers in Frankfurt and Amsterdam, enhancing the reliability and quality of internet usage in Armenia.

Also Read: Ucom Starts Mobile Network Upgrade for Enhanced Services in Armenia

Other Updates

Other developments included the launch of Team Energy fast charging stations, the introduction of the GeoForce Games Cloud service, and various corporate social responsibility programs.

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Passionately following the Indian #Telecom Industry for over a decade from Business, Consumer and a Technical perspective. My primary focus area is Consumer & Digital Experience.

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