Veon Armenia CJSC
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Veon Armenia CJSC
Telecom Armenia CJSC ( hy, Տելեկոմ Հայաստան, translit=Telekom Hayastan) (formerly Armentel and VEON Armenia) is an Armenian broadband and telecommunications company. Telecom Armenia, an integrated telecommunications services operator, is headquartered in Yerevan. History Telecom Armenia CJSC was found as "Armentel" in March 1995. On 3 November 2006, it became a subsidiary of the Russian corporation VimpelCom (later called VEON) and started operating under the Beeline brand. The company was renamed to "VEON Armenia" sometime in 2017. On 29 October 2020, TEAM LLC acquired 100% of the company's shares using credit funds, and renamed the company to "Telecom Armenia CJSC". Telecom Armenia currently belongs to "TEAM LLC", which was founded by Hayk and Alexandr Yesayan. Telecom Armenia CJSC formerly operated under the Beeline brand. Telecom Armenia provides telephone communication services GSM 900/1800, 3G (UMTS) and standard mobile communication 4G (LTE), fixed tel ...
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CJSC
A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited companies. Some jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other countries that have adopted its model of company law, they are known as unlimited companies. In th ...
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