Rostelecom finds buyer for Armenian unit, reports say

9 Nov 2021

Russian group Rostelecom is reportedly poised to offload its Armenian subsidiary, Rostelecom Armenia (formerly GNC-Alfa), with the Electric Networks of Armenia (ENA) – owned by the Tashir Group of Samvel Karapetyan – touted as the likely buyer. CNews.ru notes that the Public Services Development Commission of Armenia (PSRC) has received a filing from the Russian owner seeking to sell 100% of the Armenian subsidiary, noting that ENA would conduct the transaction through an offshore holdings company called Molitro. The Tashir Group already has a presence in the Armenian telecoms market, owning a 16% stake in Ucom.

Armenia, Rostelecom, Rostelecom Armenia