On the 23rd of August, 2024, in Yerevan, „Telecom Armenia“ OJSC (trademark: Team Telecom Armenia) released its technical, economic, and financial indicators for the 2nd quarter of 2024. The company, known for its commitment to transparency and accountability, reported significant growth in both the number of subscribers and income across its mobile and fixed communication services.
Mobile Communication:
In the 2nd quarter of 2024, „Telecom Armenia“ generated a revenue of 4.89 billion AMD from mobile communication, marking a 5.5% increase compared to the 1st quarter of the same year and a 5.0% increase compared to the 2nd quarter of 2023. The company’s mobile communication subscribers reached 1,051,679 by the end of the 2nd quarter of 2024.
The number of subscribers using mobile Internet services also saw a steady rise, totaling 761,137 in the 2nd quarter of 2024. Revenue from mobile Internet services amounted to 2.54 billion AMD, showing a growth of 13% compared to the previous quarter and 11.5% compared to the same period in 2023.
„Telecom Armenia“ now holds 25.9% of the mobile communication market share in Armenia, solidifying its position as a key player in the industry.
Fixed Communication:
In the 2nd quarter of 2024, the company earned 3.93 billion AMD from fixed-line services, representing a 5.2% increase compared to the same period in the previous year. The number of connected Internet subscribers reached 96.9 thousand, showing a 4.3% increase compared to the 2nd quarter of 2023.
„Telecom Armenia“ now accounts for 32.3% of the fixed Internet market in Armenia, showcasing its dominance in this sector as well.
CEO’s Statement:
Hayk Yesayan, the CEO of Team Telecom Armenia, highlighted the success of the company’s strategic project – the construction of a high-speed optical fiber network with a bandwidth of 25 Gb/s. This project has led to a surge in new subscribers reconnecting to the fixed internet network, with high levels of satisfaction. Yesayan emphasized that this network will serve as the foundation for launching advanced mobile services across Armenia, ensuring continued revenue growth for the company.
Company Overview:
„Telecom Armenia“ OJSC (Team Telecom Armenia) is a leading telecommunications company in Armenia, with a rich history spanning over a century. The company offers a range of services including mobile and fixed Internet, digital television, and mobile and fixed telephone communication to individual and corporate subscribers.
The company’s goal is to provide high-quality telecommunication services to all residents of Armenia by consistently updating and enhancing its networks, introducing new international channels, and improving the reliability and security of the Internet in the country.
Conclusion:
„Telecom Armenia“ OJSC’s commitment to transparency and accountability is evident in its detailed reporting of technical, economic, and financial indicators. The company’s impressive growth in both mobile and fixed communication services reflects its strong position in the telecommunications market in Armenia. With a focus on innovation and customer satisfaction, „Telecom Armenia“ is poised for continued success in the future.