\tVeon revealed it entered into discussions regarding a sale of its Armenian unit to rival Ucom, a move the latter stated would boost efforts to transform itself into a digital company.<\/p>\n
While noting talks are underway, in a statement Veon emphasised the discussions may not result in a sale. The company operates its service in the country under the Beeline brand.<\/p>\n
Ucom said in its own statement a potential transaction would lead to more services for customers and improve its infrastructure: \u201cAs the global mobile market is transformed from voice services to data service providers, and the Armenian mobile market is no exception to global trends, Ucom is constantly transforming into a digital company, aiming to provide a wider range of services to maximise its network coverage and quality\u201d.<\/p>\n
The Armenian unit is one of Veon\u2019s smaller arms. It also has operations in Russia, Uzbekistan, Pakistan, Kazakhstan, Ukraine, Kyrgyzstan, Algeria, Georgia and Bangladesh<\/p>\n
Veon reported its combined subscriber base [1] as 211.7 million at end Q3 2019.<\/p>\n[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/russia-challenges-hit-veon-earnings\/<\/p>\n","protected":false},"excerpt":{"rendered":"
Veon revealed it entered into discussions regarding a sale of its Armenian unit to rival …<\/p>\n
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