Paris 08:57
Los Angeles 23:57
Beijing 14:57
Yerevan 10:57
Tbilisi 10:57
Moscow 09:57
Paris 08:57
Los Angeles 23:57
Beijing 14:57
Yerevan 10:57
Tbilisi 10:57
Moscow 09:57
English
Հայերեն Русский
Main Timeline Video Share
May the Holiday Warm Hearts: Idram and IDBank Support the Children of Heroes Beneficiaries of the "By Your Side" program at IDBank AraratBank Named Large CSR Company of the Year Idram Joins the Fight Against Food Insecurity Ucom’s Renovated Sales and Service Center in Yerevan Mall Reopens 1% idcoin instead of New Year’s suffering: practical tips Idram Junior Donated Books to Schools Big Christmas Market with Idram, IDBank and idplus Ucom Supports Wildlife Monitoring in Ararat Region IDBank, Idram, and idplus at the Big Christmas Market Converse Bank Deputy CEO and CFO, Grant Akopian, Elected to BACEE Board Ucom and SunChild NGO Install a Solar Plant in Alaverdi Kindergarten
Timeline
The Symbol of Chinese Automotive Excellence Arrives in Armenia E-auto Becomes the Official Representative of Hongqi Electric Vehicles IDBank and Idram participate in Career City FestUcom Participated in Yerevan’s Career City Fest, Sharing Its Values and Career Opportunities New campaign in ECCO stores from IDBank and IdramWhat Types of Online Fraud Exist Today? Drone Racing Event to Be Held in Yerevan with Ucom’s Support AraratBank: Main Sponsoring Partner of STEM Expo 2025 20% idcoin at Carpisa: IDBank and Idram’s new campaignARARATBANK and FMO Expand Cooperation with a $25 Million Loan Agreement Digital identity, digital authentication, and secure transactions: the imID office is officially opened5,237,825 AMD for the “City of Heroes Rehabilitation Center”: April’s beneficiary is the “4090” FoundationDigital identity, digital authentication, and secure transactions: imID office officially launchesAraratBank: Business Financing with up to 35% Cashback Opportunity Ucom Introduces UPlay, Launching a New Era of Entertainment IDBank Joined the Banking Association for Central and Eastern Europe (BACEE): Official Membership Agreement Signed in Budapest The Power of One Dram is the general partner of DigiCode 2025 AraratBank Employees Communicated with the Power of the Intercessory Gospel of ShurishkanMyAmeria Star - Ameriabank presents a bank card and app for kids and teens One more free access to business lounges: IDBank How to protect your bank accounts and E-Wallet
All Timeline »
Society

100 days at Ucom with Ralph Yirikia: director general announces the companys vision and 5-year strategy for countrywide expansion

Ralph Yirikian, the Director General of Ucom CJSC, held a press conference today to unveil the company's ambitious 5-year strategy and vision, which has been accepted and approved by the company’s Board of Directors. The strategy positions Ucom as national operator for all Armenians across Armenia and the world.

One of the key pillars of the strategy is the modernization and expansion of both the mobile and fixed networks across Armenia. Ucom has already started the modernization of its mobile network, making it 5G-ready, through partnerships with industry-leading vendors. In addition to the network modernization, Ucom is also swapping and introducing the latest advanced technological platforms across various services. This includes a technologically advanced new TV platform and several other technological upgrades, ensuring Ucom remains at the forefront of innovation.

“Ucom aims to set new standards in the field of telecommunications, benefiting our beloved subscribers, our staff, the Armenian economy, and our entire homeland along the value chain. As Ucom embarks on this transformation journey, it appeals to its subscribers for patience and understanding during the process. During this time, there may be temporary drops in service quality or connection interruptions, but we will inform you in advance as these planned works will take place in stages. It is these changes that are necessary to deliver an enhanced and seamless customer experience in the long run”, noted Ralph Yirikian, Director General of Ucom.

With the new Director General, who is known for being extremely committed to CSR activities, Ucom reaffirms its dedication to Corporate Social Responsibility (CSR) initiatives, with a focus on technology-related projects, environmental sustainability, and promoting the green concept. The company is determined to play a vital role in building a greener future for Armenia.

Ralph Yirikian also shed light on the financial performance of Ucom, reflecting on a promising future. While specific numbers were not disclosed, he highlighted that the company's performance in the first half of 2023 increased by 5% compared to the same period last year, while efficiency increased by 8%. The company has also initiated the reduction of accumulated financial liabilities.

Addressing the company's internal affairs, Ralph Yirikian emphasized the significance of Ucom's employees, who will be at the core of the company's attention going forward. The management is committed to ensuring the welfare and development of its employees, recognizing them as Ucom's most valuable asset. Furthermore, Ucom is determined to introduce compliance and anti-bribery/anti-corruption systems, and has already introduced a Code of Conduct and a whistle-blowing hotline, among other measures to manage internal and external risks.

"We are on a journey to rehabilitate, develop, and grow Ucom, establishing ourselves as a true market challenger in our sector," said Ralph Yirikian, expressing the management's determination and commitment.

In conclusion, Ucom is poised to walk the implementation of its 5-year strategy and will keep stakeholders informed about all the developments and success stories that follow.