MSSA signs LOI to acquire Fedilco Group (80% owner of Armenia telecom Viva)

Metal Sky Star Acquisition Corp

MSSA entered a non-binding LOI to acquire all shares of Fedilco Group, which holds an 80% equity interest in Viva Armenia.
Viva has over 2.3 million unique subscribers and a 61% share of active subscribers in Armenia's telecom market.
Viva holds 58.18% of total telecom revenue in Armenia and has roaming partnerships with 529 operators in 192 countries.
The proposed transaction is subject to approvals from Republic of Armenia state authorities.
MSSA CEO cites Viva's market leadership and Armenia's growth trajectory as value-creation drivers.

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