Anti-trust authority drops proceedings over Ucom-Veon Armenia merger bid

YEREVAN, MAY 19, ARMENPRESS. The State Commission for the Protection of Economic Competitionhas dropped the administrative proceedings which was launched on December 30, 2019 regarding the applications of Veon Armenia (Beeline) and Ucom’s potential merger.

The commission said that Veon Armenia itself retracted its application on May 6 and requested to cancel the proceedings.

Earlier in March, the commission had suspended the process due to the coronavirus-related state of emergency.

In December 2019, Ucom and Veon Armenia asked the commission to allow the merger.

Editing and Translating by Stepan Kocharyan