Telecom Armenia
Armenian telecommunications operator providing mobile, fixed-line, broadband, television, and transit-network services.
Last updated August 26, 2026
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Overview
Telecom Armenia OJSC is an Armenian telecommunications and broadband company headquartered in Yerevan. It is the successor to the country’s original telecommunications operating infrastructure and provides a broad combination of mobile communications, fixed telephony, household and business internet, digital television, and international transit-network services. The company operates under the Team brand and is associated with Team CJSC, the Armenian group that acquired the Armenian operations of VEON in 2020. The company’s corporate history reflects several changes in ownership and branding. The business was previously known as Armentel and later operated as VEON Armenia under the Beeline trademark. In November 2020, Team CJSC acquired all shares of VEON Armenia CJSC, making Team the owner of the operation and successor to the established Armenian telecommunications business. Following the acquisition, the company adopted the Telecom Armenia name. Its consumer-facing activities have also been associated with the Team Telecom Armenia identity. Telecom Armenia’s service portfolio spans mobile networks using 2G GSM, 3G UMTS, and 4G LTE technologies; fixed telephone services; and fixed broadband delivered through fiber-to-the-home, fiber-to-the-building, VDSL, and ADSL infrastructure. It also offers IPTV and over-the-top television services. Team TV provides access to a large selection of Armenian and international channels through television and mobile devices, together with a catch-up feature that allows customers to view recently broadcast content. Network modernization has been a central part of the company’s development under Team ownership. In partnership with Nokia, Telecom Armenia began constructing a next-generation network based on 25G-PON technology and speeds of up to 25 Gb/s in 2021. By 2022, the service had reached several major regional cities, villages, and districts of Yerevan. The company has also upgraded its DWDM transport network. This infrastructure supports domestic connectivity and the export of transit-network capacity and internet services to telecommunications organizations in more than five Middle Eastern countries. Telecom Armenia also operates digital customer-service and payment channels. Through the My Team application, subscribers can review balances, manage packages, change tariffs, activate automatic payments, access promotions, and buy products through an online shop. Payment and settlement services are available through Team Pay branches, including locations operating inside Telecom Armenia offices under a one-stop service model. The company has pursued external financing to expand high-speed internet availability and strengthen Armenia’s digital infrastructure. In 2022, it obtained a reported US$45 million financing package involving the International Finance Corporation, the European Bank for Reconstruction and Development, and Ameriabank. The funding was connected with network construction, broadband expansion, and broader digital-economy objectives. In 2023, the company changed its legal form from a closed joint-stock company to an open joint-stock company and subsequently became the first telecommunications company in Armenia to conduct an initial public offering. Its shares are listed on the Armenia Stock Exchange, giving the operator a more public ownership and reporting profile. Beyond connectivity, Telecom Armenia describes its social-responsibility activity as supporting technology, education, science, environmental initiatives, Armenian content production and distribution, and projects promoting teamwork. Its competitive positioning combines national-scale communications infrastructure with the Team brand’s consumer ecosystem, while its upgraded transport network gives it a role in regional wholesale connectivity in addition to its retail telecommunications business.
History
Telecom Armenia is the modern successor to Armenia’s original telecommunications operating business. Before adopting its current identity, the operation was known as Armentel and later became VEON Armenia. Under VEON, consumer services were marketed primarily through the Beeline trademark. This succession gives Telecom Armenia a historical role that extends beyond the launch of the current brand: it inherited an established national mobile, fixed-line, and broadband network and the customer base associated with Armenia’s incumbent telecommunications infrastructure. A major ownership change took place in November 2020, when Team CJSC acquired 100% of VEON Armenia CJSC. Team CJSC had been founded by Armenian businessmen Hayk Yesayan and Alexander Yesayan. The transaction transferred control of the Armenian operator to the Team group and made Team the successor to the previous VEON-owned business. After the acquisition, VEON Armenia was renamed Telecom Armenia. The reorganization also marked a shift away from the former Beeline identity and toward a locally controlled telecommunications platform associated with the Team brand. The company’s subsequent strategy emphasized network modernization and the expansion of high-speed fixed connectivity. In 2021, Telecom Armenia partnered with Nokia to develop a next-generation network using 25G-PON technology. The project was designed to provide speeds of up to 25 Gb/s and establish a high-capacity access network unusual for the region. During 2022, the network became available in seven major regional cities, three villages, and the Davtashen, Arabkir, and Avan administrative districts of Yerevan. This rollout supported the company’s effort to increase access to fast broadband outside the capital as well as in selected urban districts. Telecom Armenia also invested in its DWDM transport network. The upgraded optical transport infrastructure strengthened the company’s ability to carry domestic traffic and to provide international transit capacity. According to the company’s described operations, this enabled a more active move into the Middle Eastern wholesale market. Telecom Armenia became a significant exporter of transit-network channels and internet services to telecommunications organizations in more than five Middle Eastern countries. This wholesale role complements its consumer-facing mobile, fixed broadband, telephony, and television operations. To support network construction and the expansion of high-speed internet, Telecom Armenia attracted reported financing of US$45 million in 2022 from the International Finance Corporation, the European Bank for Reconstruction and Development, and Ameriabank. The financing was presented in connection with improved national connectivity and the development of Armenia’s digital economy. The company’s infrastructure agenda therefore combined commercial network growth with a broader national objective of expanding reliable high-speed internet access. Telecom Armenia’s retail portfolio includes 2G GSM, 3G UMTS, and 4G LTE mobile services; fixed telephony; and internet delivered through FTTH, FTTB, VDSL, and ADSL technologies. It also offers IPTV and OTT television. Team TV gives customers access to approximately 190 local and international channels through television sets or mobile devices, as well as a seven-day catch-up function. Digital self-service is supported by the My Team application, which allows customers to monitor balances, manage packages, change tariffs, set up automatic payments, view promotions, and use an online store. Team Pay provides payment and settlement services through branches, including offices located within Telecom Armenia sites. The company continued its corporate development in 2023 by changing from a closed joint-stock company to an open joint-stock company. It subsequently became the first telecommunications company in Armenia to carry out an initial public offering, and its shares were listed on the Armenia Stock Exchange. This step increased the formal public-market visibility of the business and distinguished it from a wholly private telecommunications operator. Telecom Armenia’s stated corporate-responsibility activities cover technological, educational, scientific, and environmental projects. The company also supports the creation and circulation of Armenian content and initiatives intended to encourage teamwork. Its current identity is consequently built around three connected roles: a national communications provider, an infrastructure operator with regional transit ambitions, and a Team-branded digital-services platform.
- 2023
Legal form changed to an open joint-stock company
[1]The operator transitioned from a closed joint-stock company to an open joint-stock company.
- 2022
Next-generation broadband reached additional locations
[1]The 25G-PON network became available in seven major regional cities, three villages, and three administrative districts of Yerevan.
- 2022
International infrastructure financing was secured
[1]Telecom Armenia attracted reported US$45 million in financing from IFC, EBRD, and Ameriabank for network and broadband development.
- 2021
25G-PON network construction began
[1]Telecom Armenia and Nokia began building a next-generation network based on 25G-PON technology and designed for speeds of up to 25 Gb/s.
- 2020
Team CJSC acquired VEON Armenia
[1]Team CJSC acquired all shares of VEON Armenia CJSC, the former Beeline Armenia operator, and became the owner of the Armenian telecommunications business.
- 2020
The business adopted the Telecom Armenia name
[1]Following the ownership transaction, VEON Armenia was renamed Telecom Armenia and moved away from its former Beeline identity.
Initial public offering and Armenia Stock Exchange listing
[1]Telecom Armenia became the first Armenian telecommunications company to conduct an IPO, with its shares listed on the Armenia Stock Exchange.
Products and positioning
A national Armenian integrated telecommunications operator combining consumer connectivity, high-speed fixed broadband, digital television, enterprise services, and regional wholesale transit capacity.
Mobile telecommunications
Mobile communications
Telecom Armenia provides mobile voice and data connectivity across 2G GSM, 3G UMTS, and 4G LTE standards. The mobile business is part of the Team-branded consumer portfolio and is supported by digital account management through the My Team application. Customers can review balances, manage packages, change tariffs, activate automatic payments, and access related promotions through the app.
Fixed-line telecommunications
Fixed telephony
The company provides fixed telephone services as part of the inherited national telecommunications infrastructure. Fixed telephony operates alongside broadband and television products, allowing Telecom Armenia to serve households, public institutions, and businesses with bundled or complementary communications services. The available reference material does not specify separate tariffs, geographic coverage, or product launch dates.
Internet access
Fixed broadband internet
Telecom Armenia delivers fixed internet using FTTH, FTTB, VDSL, and ADSL technologies. Its broadband strategy has increasingly emphasized fiber modernization, including a 25G-PON next-generation network developed with Nokia. The network rollout began in 2021 and reached selected regional cities, villages, and Yerevan districts by 2022, supporting the company’s national connectivity and digital-economy objectives.
IPTV and OTT television
Team TV
Team TV is Telecom Armenia’s digital television offering, combining IPTV and OTT delivery. Subscribers can access approximately 190 leading Armenian and international channels through a television or mobile device. The service includes a catch-up function that permits viewing of selected programs, films, and broadcasts for up to seven days after their original transmission.
Wholesale telecommunications
International transit-network services
Telecom Armenia operates upgraded DWDM transport infrastructure and sells transit-network channels and internet capacity to telecommunications organizations. This wholesale business extends beyond Armenia into the Middle East, where the company serves organizations in more than five countries. The offering positions Telecom Armenia as both a national retail operator and a regional carrier for international connectivity.
Digital customer services
My Team
My Team is the company’s customer application and digital service channel. It allows subscribers to check account and package balances, change tariff packages, activate automatic payments, read company news and promotions, and purchase products through an online shop. The application supports Telecom Armenia’s effort to combine telecommunications services with a self-service digital customer experience.
Payment and settlement services · 2022
Team Pay
Team Pay is the payment and settlement company associated with the Team ecosystem. From 2022, customers could make financial transactions at Team Pay offices located within 18 Telecom Armenia branches under a one-window service model. The available sources do not provide a complete list of transaction types or a separate product launch announcement.
Brand decisions
2023
Change legal form and pursue public-market accessStrategyBackground
Following the change in ownership and network investment program, Telecom Armenia moved toward a more open corporate and ownership structure.
Action taken
The company changed from a closed joint-stock company to an open joint-stock company and conducted an initial public offering.
Aftermath
Telecom Armenia became the first telecommunications company in Armenia to conduct an IPO, and its shares were listed on the Armenia Stock Exchange.
2022
Expand fiber access and international transit capacityStrategyBackground
The company aimed to improve domestic broadband access while increasing its role in regional wholesale connectivity.
Action taken
Telecom Armenia expanded the next-generation access network, upgraded its DWDM network, and pursued transit-channel and internet sales to Middle Eastern telecommunications organizations.
Aftermath
The operator reported service availability in additional Armenian locations and a growing position as an exporter of transit-network channels and internet to more than five Middle Eastern countries.
Infrastructure financing. US$45 million (2022)
2021
Deploy a 25G-PON next-generation access networkProduct launchBackground
Telecom Armenia identified higher-capacity fixed broadband as a priority for improving internet access and supporting Armenia’s digital economy.
Action taken
The company partnered with Nokia to construct a network using 25G-PON technology with designed speeds of up to 25 Gb/s.
Aftermath
By 2022, the network had reached selected regional cities, villages, and districts of Yerevan.
2020
Acquire and rebrand VEON ArmeniaM&ABackground
Team CJSC sought control of the Armenian telecommunications operation previously owned by VEON and marketed under the Beeline trademark.
Action taken
Team CJSC acquired 100% of VEON Armenia CJSC and the business was renamed Telecom Armenia.
Aftermath
The transaction established Team as the owner of the operator and began the transition from the Beeline identity to the Telecom Armenia and Team brands.
Recent events
Telecom Armenia and Nokia partner on PON broadband network[2]
Reported:
Telecom Armenia partnered with Nokia to introduce gigabit broadband over a passive optical network. The services were planned to roll out first in Yerevan and then across Armenia.
- Unconfirmed
Beeline Armenia supports renovation of Ashtarak Startup Club[3]
With support from Beeline Armenia, the Ashtarak Startup Club was renovated and refurbished. Beeline Armenia is identified as the club's strategic partner.
Sources3 sources
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