Telecom Armenia belongs to Team CJSC, which was founded by Armenian businessmen Hayk and Alexander Yesayan. In November 2020, Team CJSC (successor of Team LLC) acquired 100% shares of
VEON Armenia CJSC (former
Beeline TM), thus becoming the successor to the first telecommunications subsystem in Armenia. After the transaction, VEON Armenia was renamed to Telecom Armenia, which up to its rebranding was acting under the trademark Beeline. In 2021, the company in partnership with
Nokia launched the construction of unique in the region
NGN (Next Generation Network) with the speed of 25 Gb/s and 25G-PON technology. In 2022, the network became available in 7 major regional cities, 3 villages, as well as in the
Davtashen,
Arabkir, and
Avan administrative districts of
Yerevan. Telecom Armenia OJSC has thoroughly re-equipped and improved the DWDM network, which served as an opportunity for actively penetrating into the
Middle East market of transit network channels and sale of
internet. Within a short time span, the company became one of the region's biggest exporters of transit network channels and internet to the Middle East. Currently, the company provides services to leading organizations in the field of telecommunications in more than 5 countries of the Middle East. In order to build this network, improve access to high-speed internet in the country and with the aim of supporting the growth of strong digital economy in Armenia, in 2022 Telecom Armenia attracted funding of 45 million dollars from international financial institutions like the
International Finance Corporation (IFC) and the
European Bank of Reconstruction and Development (EBRD), as well as
Ameriabank. In 2023, Telecom Armenia transitioned from CJSC to OJSC. ==Operations==