13 Mar 2023 14:37

Armenia's anti-monopoly regulator reviewing deal to sell MTS Armenia, still no decision

YEREVAN. March 13 (Interfax) - MTS Armenia, a Viva-MTS brand and a subsidiary of Russia's PJSC MTS , has applied to the Public Services Regulatory Commission (PSRC) of Armenia for permission to sell shares.

PSRC press secretary Liana Azizyan told Interfax that the company's application was under review.

"The PSRC is waiting for the position of the High-Tech Industry Ministry and the National Security Service of Armenia," Azizyan said.

Azizyan declined to name a likely buyer, as well as the amount of shares planned for sale.

"This is a commercial secret that we have no right to disclose," Azizyan said.

Meanwhile, citing sources, Armenia's media report that 1Xbet bookmaker and Gazprom are two likely buyers of MTS Armenia.

The MTS press office told Interfax that the company was focusing on business development in Russia and could potentially "consider selling the asset in Armenia if buyers with a good valuation are found."