Team Telecom Armenia raises $45 million in funding

Team Telecom Armenia raised a total of $45 million from international financial institutions, IFC and EBRD, and Ameriabank, to improve access to high-speed internet and support a strong digital economy in Armenia.

The funding will be directed for the construction of the region’s best 25 Gb/s Next Generation Network in cities and villages of Armenia.

As a result of the project, at least 1.1 million mobile subscribers will be provided with faster and higher-quality internet connections, and more than 450,000 households will be provided with access to faster fiber access technology. Also, an enabling environment will be created for additional investments and job creation opportunities in the country.

https://panarmenian.net/m/eng/news/300613

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