The opportunity to become a shareholder of Telcell is now available. On 24 September, Armenia’s business community and leading specialists gathered in Yerevan to discuss this exciting development. Telcell presented its proposal transparently, offering insight into the process of purchasing shares and highlighting why 2024 is the ideal time to invest.
“I am pleased to see such significant interest in becoming a shareholder of Telcell. It reflects public confidence in our company’s consistent growth over the years. While partner trust has always been crucial, we believe in presenting the foundations of this trust more openly through the financial achievements we’ve recorded.
As the pioneer in the terminal business for the past 17 years, we have not only maintained our leading position in a competitive market but also diversified into multiple strategic directions, creating an ecosystem business.
In the past five years alone, our user base has grown by 25 times, and our transaction volume by 14 times. Our goal is to make investing in Telcell attractive not only because of the company’s strong positioning and promising future, but also because it represents a sound and profitable financial decision,” said Artyom Ghazaryan, CEO of Telcell OJSC.
During the event, Ghazaryan presented the offer to purchase newly issued shares, followed by a panel discussion with prominent industry experts. The panel included Telcell Board Member Vache Gabrielyan, Deputy CEO Liana Hunanyan, Armbrok Investment Company CEO Aram Kaifajyan, and Finarm Association Executive Director Karen Zakaryan.
“Our turnover has grown by an average of 28% annually over the past seven years, and we anticipate a profit of around AMD 2.2 billion this year, representing at least 20% growth compared to 2023,” said Telcell CFO Tamara Sargsyan during the financial presentation.
On 18 September 2024, Telcell announced a public share offering valued at AMD 1.5 billion, with shares available for purchase until 30 November 2024. The share price is set at AMD 400, with a minimum purchase of 10 shares. Shares can be bought through the Telcell Wallet app or via Armbrok Investment Company. For more information, visit invest.telcell.am.
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Founded in 2007, Telcell was the first provider of payment terminal services in Armenia. Today, it operates the largest terminal network and offers a wide range of services through its Telcell Wallet electronic payment app.
Telcell OJSC is regulated by the Central Bank of Armenia.
