YEREVAN. – At the meeting of State Commission for the Protection of Economic Competition (SCPEC) of Armenia, a decision was made to allow the centralization of “VEON Armenia” CJSC (Beeline trademark) and of “team” LLC by way of “team’s” acquisition of 100% shares of "VEON Armenia." SCPEC spokesperson Ani Smbatyan wrote about this on her Facebook page.
She added that it has also been specified that “team” shall be obligated not to carry out mass layoffs of employees (more than 10% of the total number of employees) for at least six months after putting the centralization into action.
To note, the founders of "team" LLC are the Yesayan brothers, who left Ucom mobile network operator and Internet service provider in Armenia after having problems with shareholders.