YEREAN. – The employees of Beeline company are protesting in front of the building of the Public Services Regulatory Commission of Armenia.
The reason is the purchase of Beeline by "team" LLC.
As reported earlier, the State Commission for the Protection of Economic Competition (SCPEC) of Armenia has decided 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."
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.