Beeline Armenia wants to buy Rostelecom Armenia

Beeline Armenia is undertaking a due diligence on Rostelecom Armenia with the purpose to buy it.

Itel.am received that report from a well-informed source in the sector.

We approached Beeline Armenia and Rostelecom Armenia for comments.

Beeline Armenia stressed that only shareholder VEON can provide answers regarding the due diligence.

Rostelecom Armenia noted that the due diligence concerns the shareholders, and therefore, it can be undertaken only by them and with their approval.

The company noted that only shareholder at GNC-Alfa CJSC, Rostelecom PJSC can be expected to comment on this matter.