Private company

Telecom Armenia

Logo: Grigory Yurin, CC BY-SA 4.0, via Wikimedia Commons3

Armenian telecommunications company

Telecom Armenia OJSC (Armenian: Տելեկոմ Արմենիա, romanized: Telecom Armenia) (formerly Armentel and VEON Armenia) is an Armenian broadband and telecommunications company, headquartered in Yerevan. Telecom Armenia OJSC is the first telecommunications company in Armenia to conduct an initial public offering (IPO), becoming even more open and public. The company's shares are listed on the Armenia Stock Exchange.2 Its chief executive is Aram Barseghyan (since 2026).1 It employed 1,911 people in 2022.1 It is part of Team.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 20, 2026.

Overview

Mar 1, 1995Founded1
  • Industrytelecommunications industry1
  • HeadquartersYerevan1
  • Websitetelecomarmenia.am
  • Legal formlimited liability company, open joint-stock company1
  • Listed onArmenia Stock Exchange (AMTL)1

Telecom Armenia OJSC (Armenian: Տելեկոմ Արմենիա, romanized: Telecom Armenia) (formerly Armentel and VEON Armenia) is an Armenian broadband and telecommunications company, headquartered in Yerevan.2

The story

Telecom Armenia belongs to Team CJSC, which was founded by Armenian businessmen Hayk and Alexander Yesayan. In November 2020, Team CJSC (successor of Team LLC) acquired 100% shares of VEON Armenia CJSC (former Beeline TM), thus becoming the successor to the first telecommunications subsystem in Armenia. After the transaction, VEON Armenia was renamed to Telecom Armenia, which up to its rebranding was acting under the trademark Beeline.

In 2021, the company in partnership with Nokia launched the construction of unique in the region NGN (Next Generation Network) with the speed of 25 Gb/s and 25G-PON technology. In 2022, the network became available in 7 major regional cities, 3 villages, as well as in the Davtashen, Arabkir, and Avan administrative districts of Yerevan.

Telecom Armenia OJSC has re-equipped and improved the DWDM network, which served as an opportunity for actively penetrating into the Middle East market of transit network channels and sale of internet. Within a short time span, the company became one of the region's biggest exporters of transit network channels and internet to the Middle East. Currently, the company provides services to leading organizations in the field of telecommunications in more than 5 countries of the Middle East.

In order to build this network, improve access to high-speed internet in the country and with the aim of supporting the growth of strong digital economy in Armenia, in 2022 Telecom Armenia attracted funding of 45 million dollars from international financial institutions like the International Finance Corporation (IFC) and the European Bank of Reconstruction and Development (EBRD), as well as Ameriabank.

In 2023, Telecom Armenia transitioned from CJSC to OJSC.

From Wikipedia’s article on Telecom Armenia, shared under CC BY-SA 4.0.4

Leadership

Who has led Telecom Armenia, and when. Pick a name to see everywhere that person has worked.

200020052010201520202025
Board members and other officers (2)

Products and brands

  • Beeline
  • mobile telephony

Listed on Wikidata.1

Telecom Armenia provides mobile connections of 2G (GSM), 3G (UMTS) and 4G (LTE) standards, fixed telephony services, and provides internet access with FTTH, FTTB, VDSL and ADSL technologies. The company also provides IPTV and OTT services of digital TV. Team TV subscribers have about 190 leading local and international TV channels on TV or mobile phone, and thanks to the catch-up function, the opportunity to watch the preferred program, film or TV program within 7 days after broadcast.

Through the company's My Team application, subscribers can check balance and package balances with one touch, change tariff packages, activate automatic payments, as well as get acquainted with the latest news and promotions of Telecom Armenia and make purchases from the e-shop online store.

Starting from 2022, financial transactions can be made in the branches of the "Team Pay" CJSC (Team Pay) payment settlement company located in 18 offices of Team Telecom Armenia under "One window".

From Wikipedia’s article on Telecom Armenia, shared under CC BY-SA 4.0.4

Subsidiaries and ownership

Parent company

  • Team

Owners

  • Team 82.5%

From Wikidata.1

Employees over time

  • 20221,9111

Former names

  • Telecom Armenia CJSCNov 16, 2020 to Apr 11, 20231

Timeline

  1. Aug 24, 2026New chief executive Aram Barseghyan becomes CEO1
  2. Apr 11, 2023Renamed Name changed to TELECOM Armenia OJSC1
  3. 2020New chief executive Hayk Yesayan becomes CEO1
  4. Mar 1, 1995Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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