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Interactive TV LLC Deceives Journalists By Concealing Its Owner's Na

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  • Interactive TV LLC Deceives Journalists By Concealing Its Owner's Na

    INTERACTIVE TV LLC DECEIVES JOURNALISTS BY CONCEALING ITS OWNER'S NAME

    ARMINFO
    Monday, April 22, 16:41

    Interactive TV LLC has misled the journalists by concealing the name
    of its sole owner.

    At a press conference on April 15, Arsen Babajanyan, the director of
    the company, presented the development program of Interactive TV.

    According to the program, digital TV and cable Internet will be
    available throughout Yerevan within the next 5 years. He said that
    Interactive TV has been providing the subscribers of Kentron and
    Arabkir communities of Yerevan with digital TV services since 2007
    and with symmetrical Internet access since July 2012.

    When replying to journalists' repeated questions about the sale of
    Interactive TV to another operator, Ucom LLC, Babajanyan pointed
    out that there was no certainty in this issue and the owner of the
    company had not changed. To make his words more persuasive, he added
    that Interactive TV would develop independently, especially as the
    two companies provide their services in different technologies:
    Ucom - through the fiber optic cables and Interactive TV - through
    the twin-axial cables.

    In the meantime, ArmInfo has found out that the director has deceived
    the journalists and misled them. The thing is that since 29 Nov
    2012 Ucom LLC has been the sole owner of Interactive TV. In May 2012
    Interactive TV itself submitted an offer for sale of its shares to
    the Public Services Regulatory Commission of Armenia. On July 11 the
    Commission permitted the sale of 70% and 30% of Interactive TV's shares
    of Pavlik Margaryan and Karen Margaryan respectively to Ucom LLC.

    At that time Karen Margaryan, one of the shareholders, said to
    ArmInfo's correspondent: "To develop this business, we have decided
    to give it to those more skilled in this field".


    From: Baghdasarian
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