Orange Armenia’s Investments Did Not Pay Off, Expert Says

YEREVAN (ARKA)””France Telecom’s investments in its Armenian subsidiary did not pay off and most likely is the reason the French company decided to withdraw from the Armenian market, cyber security expert Tigran Kocharyan told ARKA.

Orange Armenia, a telecommunications company owned by France Telecom, has entered into exclusive discussions with Ucom, an Armenian telecommunications company, for the sale of Orange Armenia’s shares. “Exclusive discussions mean that discussions on an agreement to be signed are ongoing and validation by Armenia public authorities has to happen in order to close the deal,”