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According to the IFC, the proposed investment consists of a senior loan of up to US$20 million to TEAM LLC, a company that was incorporated in Armenia in April 2020 and its wholly owned subsidiary, Telecom Armenia CJSC (former VEON Armenia), a mobile network operator and internet service provider in Armenia which operated as “Beeline” and will be rebranded to “team” (collectively the “Group”). The Group is seeking to refinance an existing debt facility and obtain additional financing for capex and network expansion via a long-term debt financing package of US$60 million.
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
---|---|---|---|---|---|---|
- | - | - | - | Telecom Armenia CJSC | Client | - |
Telecom Armenia
Arpine Chalkyan
Head of Project Management
+374 95 988 723
arpine.chalkyan@telecomarmenia.am
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