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ADC Attracts New Investment And Partnership By Inviting Leading Duba

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  • ADC Attracts New Investment And Partnership By Inviting Leading Duba

    ADC ATTRACTS NEW INVESTMENT AND PARTNERSHIP BY INVITING LEADING DUBAI-BASED INVESTMENT FIRM DELTA PARTNERS TO ARMENIA

    Panorama.am
    15:48 04/02/2009

    ADC is proud to announce that Delta Partners, an integrated management
    advisory and investment firm specialized in the Telecoms, Media
    and Technology (TMT) sector, joins ADC in further establishing the
    Company and the Armenian telecommunications sector. Delta Partners is
    investing USD$6 million in ADC with the aim to develop the company's
    service portfolio, as well as, support expansion plans geographically.

    Delta Partners' investment and expertise will enable ADC to
    strengthen its presence in the residential market with an integrated
    offer. Expansion will take place both in Yerevan and other cities in
    the north of the country. Networking and services will be extended
    based on market demand and users acceptance of the new offers made.

    ADC will continue to extend and operate a state-of-the-art fibre-optic
    network with IP/MPLS switching technology and virtually unlimited
    capacity to serve the needs of the Armenian market place. The enlarged
    team, with Delta Partners on board, will ensure that ADC stays in
    the forefront and retains leadership within the market segments the
    company targets.

    The inclusion of Delta Partners as a shareholder in ADC strengthens
    the company's ability to respond quickly to market needs for wider
    network coverage and new services introduction. Expansion can take
    place whilst ensuring premium quality on all parts of operations,"
    said Harald Grytten CEO of Armenian Datacom Company.

    "Our integrated business model allows us, at every stage of
    the investment cycle, to provide a hands-on approach focused on
    specialization and experience," said Kristoff Puelinckx, Managing
    Partner, Delta Partners. "Armenia's continued growth as an economy,
    allows telecommunications operators such as ADC to cater to the
    needs of the marketplace. We are committed to working closely with
    ADC to provide strategic advise in order to further establish the
    infrastructure of the Armenian telecommunications market and develop
    new services that will capture the significant opportunities that
    lie ahead."

    The investment into ADC falls in line with Delta Partners Telecom
    Fund, a private equity fund focused on investing in telecom, media
    and technology (TMT) companies. Through Delta Partners private
    equity business, the Company aims to provide superior returns to
    both investors in the Fund and shareholders in the various portfolio
    companies. Delta Partners investment into ADC represents the Company's
    fourth investment.

    "Armenian Datacom Company" CJSC is an Armenian-Norwegian joint
    venture formed in April 2006. The company operates a large fibre-optic
    network in the Armenian capital, Yerevan, with a significant business
    subscriber portfolio. ADC's network is based on state-of-the-art
    IP/MPLS technology with total infrastructure length exceeding
    400km. ADC's commercial proposition is to satisfy the continuously
    rising demand for electronic communication services and to create
    modern networking solutions of tomorrow.

    The company's investment strategy is to continuously develop and
    extend services in line with market demand. An expansionist policy is
    followed, and the network continues to be extended both geographically
    and in terms of its service portfolio capabilities.

    For more information about ADC please visit www.adc.am.

    Delta Partners, is a leading integrated investment and management
    advisory firm specialized in the Telecoms, Media and Technology (TMT)
    in high growth markets. With more than 130 professionals operating
    from their offices in Dubai and Johannesburg, Delta Partners provides
    services through its three highly synergetic business lines: Private
    Equity, Advisory and Corporate Finance.

    Delta Partners delivers tangible results through an exclusive sector
    focus, and a unique approach to services, combining strategic advice
    and hands-on pragmatic approach.

    For more information about Delta Partners please visit
    www.deltapartnersgroup.com.

    From: Emil Lazarian | Ararat NewsPress
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