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Leading Shareholder Cjsc "Ucs-Zvezda" Decided To Sell His Share InCo

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  • Leading Shareholder Cjsc "Ucs-Zvezda" Decided To Sell His Share InCo

    LEADING SHAREHOLDER CJSC "UCS-ZVEZDA" DECIDED TO SELL HIS SHARE IN COMPANY

    YEREVAN, AUGUST 17. ARMINFO. Leading shareholder, Chairman of the
    Board of Shareholders of the CJSC "UCS-Zvezda" Aghasi Yesayan decided
    to withdraw from the staff of the company's shareholders and to sale
    his share. "OCS-Zvezda" informs ARMINFO.

    Yesayan's share in the company is not mentioned. He refrained
    from comments regarding the reasons that made him go on such
    step. At the same time, he expressed readiness to give necessary
    explanations "after the above issue is finally settled." The company's
    press-service supposes that such decisive acts are connected with
    the failure when entering the telecommunication market of Armenia
    as a mobile communication operator. According to the existing data,
    it was Yesayan that planned to attract 60 mln EUR investments for
    implementation of this project in Armenia. An agreement on financing
    of a business-project was concluded with one of the first class banks
    of Europe. Mow, these funds are most likely to be used to implement
    telecommunication projects in EU member-states in agreement with
    the bank.

    It should be noted that the Armenian-Russian-American transnational
    CJSC "United Communication Systems -Zvezda" yet in the middle of 2004
    started launching a modern land station of satellite communication
    in Armenia and planned to get a license for provision of mobile
    communication services in Armenia. The company's leadership has always
    hidden the staff of shareholders from the press, which aroused distrust
    in the plans of this enterprise.
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