The Armenian government has issued a statement clarifying the decision taken at today's Cabinet meeting to authorize the signing of a put option contract with Fedilco Group Limited, another shareholder of Viva Armenia telecommunications company.

The government noted in its statement that this decision is not about a sale, but rather reserving the right for the government to require that the Fedilco Group Limited purchase its shares of Viva Armenia.

Government to sell its share in Viva Armenia telecommunications company for $50M