July 07, 2026 YEREVAN (Interfax)
Cyprus’s Fedilco Group Limited (the Viva Armenia brand) has concluded a deal to acquire 100% of the shares of the Armenian subsidiary telecom operator GNC-Alfa (represented in Armenia under the trade name OVIO) from Rostelecom , the press service of the Cypriot company said.
In July 2025, the Armenian Public Services Regulatory Commission allowed Rostelecom to sell 100% of the shares of its subsidiary GNC-Alfa to the new owner of CJSC MTS Armenia – Fedilco Group Limited.
“The deal is a strategic step in the development of Viva Armenia and is aimed at the company forming a full-fledged convergent platform that unites mobile communications, fixed internet, television, telecommunications transport infrastructure, and digital services into a single ecosystem,” the company said.
In January 2024, PJSC MTS announced the sale of 100% of the shares of CJSC MTS Armenia (operating under the brand Viva-MTS), as well as the payment system CJSC MobiDram (a 100% subsidiary of CJSC MTS Armenia) to Fedilco Group Limited. In March 2024, the brand Viva-MTS was changed to Viva Armenia.
The owners of Fedilco Group Limited, registered in Cyprus, are European and Asian investors, with the ultimate beneficiaries being Zhe Zhang and Konstantin Sokolov.
In 2024, Fedilco Group Limited transferred 20% of its shares to Armenia on a gratuitous basis.
GNC-Alfa (CJSC GNC-Alfa) is one of the leading telecommunications operators in Armenia, providing broadband internet access, IPTV, and fixed telephony services for individuals and corporate clients.