Ucom Supports Youth Environmental Education Ucom Supports the Next “SunChild” Festival in Armenia France defense minister: Armenia will be provided with short-, medium-range missiles if necessary Kremlin: Armenia has not officially notified about CSTO membership suspension MoD: Armenia army did not fire at Azerbaijani positions With the support of Ucom, the 18th annual international microelectronics olympiad was held AMD 3,500,572 to the “SOS Children’s Villages” Armenian Charity Foundation IDBank’s new offer for business With Ucom’s Level Up tariff plans subscribers have unlimited access to Netflix, Duolingo and Zoom During EURO 2020 Ucom subscribers to take part in the uMeter voting and draw Let’s weave kindness: The “Power of one dram” initiative is one year old. On June 1, events were held with the financing of IDBank 

Discussion on the topic “IT infrastructure as the basis of the digital economy” with the participation of the heads of telecommunication companies in Armenia

Econoмицс

Information and telecommunication technologies play a decisive role in the development of the economy of any country. Accordingly, the digitalization of the economy and the implementation of the digital agenda of the state, first of all, presuppose the digital transformation of ICT companies. 

What is digital transformation? It is the use of digital technologies and solutions instead of non-digital technologies and solutions to transform services and businesses, and also to modernize existing digital technologies. Thus, digitalization is the introduction of a qualitatively new level of technological solutions, and not the addition of existing capacities.

 Globally, and in Armenia, in particular, ICT companies are faced with a dilemma of whether to use their own infrastructure as an intermediate platform for digital solutions or to provide digital services directly, offering their own solutions to the market. The role of the state and the public interests regulator is very important in the field of economics, as well as cooperation and guidance of the digitalization agenda of the ICT sector.

 These and other issues related to the digital agenda of Armenia were discussed during the Silicon Mountains 2021 International Summit on the Application of Smart Solutions during the panel discussion “IT Infrastructure as a Basis for the Digital Economy”. Head of the Telecommunications Department of the Public Services Regulatory Commission Gevorg Gevorgyan, Viva-MTS General Manager Ralph Yirikian, General Director of Ucom Ara Khachatryan and General Director of Rostelecom Hayk Faramazyan took part in the discussion. 

The special guest of the summit was the President of Synopsys Transnational Chi-Foon Chan, the recipient of the 2020 GIT Award for Global IT Investment.

 “When years ago, in 2006 PSRC took over the function of regulation of the sector, a challenge was set to pay a great deal of attention to the development of the infrastructures. With joint efforts, committed to the principles of competition, it was possible to solve this issue. Today already there are different challenges. Investments needed for new technologies are enormous and currently, the volumes of consumption of digital services are low. Thus, the role of the government in spreading and promoting investments in new technologies through ensuring orders is huge", told Gevorg Gevorgan Head of Telecommunication Department of PSRC. 

“According to experts, in 2022 the number of Internet-connected devices in the world will exceed 29 billion, and 40% of them will be mobile. Speaking about the digital economy in Armenia, we should not only think about the introduction and popularization of smart home, cloud technologies, artificial intelligence technologies, but also accelerate digitalization in the most valuable areas of society, such as small and medium-sized enterprises. We can say that they are not using advanced cloud services. “The state, Ucom, partner operators and even the schools have a lot to do,” said Ucom General Manager Ara Khachatryan.

“Telecommunications play a very important role as the main infrastructure for the creation, development and promotion of the digital economy. The next evolutionary stage of telecommunications will play a unique role in the context of transition from infrastructure services to content, IT solutions, including cloud services, which has already been launched by our company. In the process of the formation of the digital economy, the existence of digital services and further development in the public sector is possible. And here, based on the experience of developed countries, it is possible that the state will assume the leading role, using all the relevant infrastructure and leverage to develop an advanced digital ecosystem,” said Hayk Faramazyan, General Manager of Rostelecom Armenia.

“The outcome of the debate on the “Smart Pipe” or “Blind Pipe” in favor of the former predetermined the further development of the telecommunications sector. Today, the development of innovative technologies is strongly stimulated by companies in the ICT field, as there is a consumer demand for more convenient digital tools - platforms and applications, cloud platforms. At the same time, the ICT sector contributes to the development of modern technologies, and is an existing or potential consumer of companies in this field, including the products of Armenian startups, as ICT itself feels the need for digital transformation. Qualitatively optimized in a new way, various devices, equipment and subsystems are integrated, allowing smarter management, higher predictability, lower costs and risks, creating more comfortable environment for business development and, ultimately, improving the quality of life. Along with all this, there are challenges in which competition is not a priority, the key to solving which is close and sincere cooperation between the ICT sector and the state,” said Viva-MTS General Manager Ralph Yirikian.

The event was organized by the Union of Employers of Information and Communication Technologies. The general sponsor of the summit was Unicomp, the supporters were the RA Ministry of High-Tech Industry, Synopsis Armenia and ACBA Bank.

Ucom Launches Fixed Network Services in Zovuni The FINTECH360 conference will be held in Yerevan from April 27 to 29 AraratBank Partners as General Sponsor of 4090 Charity Foundation's Five-Year Milestone EventAraratBank Takes the Lead in Brand PR Performance Unforgettable Moments and a Profitable Offer at Myler. Idram&IDBank Idram Summarizes 2025The Power of One Dram Donates 5,788,105 AMD to the City of Smile Charity Foundation Converse Bank Successfully Completes Globbing Bond Placement Why the Pressure on Vahe Hakobyan Continues Ucom Introduces Hecttor AI to Improve Call Center Communications The Armenian Apostolic Church: Refutation of a False Premise Vahe Hakobyan Is Being Politically PersecutedIdram employees are the Secret Santa Claus for the students of the Orran Day Care CenterAraratBank Donates AMD 8 million to the Reconstruction of the Spandaryan CanalUnibank Launches Gift Cards New Education Platforms through Cooperation between AraratBank and Aren Mehrabyan FoundationTech Innovator and Winemaker Adam Kablanian Joins the Board of Trustees of the “Music for Future” FoundationUcom Reopens Sales and Service Center on Tigran Mets Avenue AraratBank Receives Visa Trusted Partnership Award 2025 Secret Santa at idplus: Anonymous Gift CardsWe condemn the unlawful actions by Armenia’s Gov. against the Armenian Apostolic Church. Jan Figel Free Style issues Armenia’s first corporate bonds in the fashion retail sector, placed by Cube InvestUnibank Completed the Placement of Its Third Issuance of Perpetual BondsScholarship for 100 Artsakh Students as Part of IDBank’s “Side by Side” Program The results of the second Junius financial literacy competition have been summarized From idea to implementation: Ameriabank Presents the Programs Implemented under My Ameria, My Armenia CSR Campaign Ucom and SunChild Launch the “Smart Birdwatching” Educational Program AraratBank Supports Digitization of "Karin" Scientific Center ArchiveWelcome to the ID booth: Big Christmas MarketWidest 5G Coverage, the Launch of the Uplay Platform, and the Integration of Cerillion: Ucom Summarizes 2025 Ucom and Armflix Present “13 Seconds” at KinoPark How to Choose a Career Path and What Skills are Considered Crucial: AraratBank on the GoTeach Platform Unibank Issues a New Tranche of Perpetual Bonds with 13.75% Coupon Unibank Became a Member of BAFTThe December beneficiary of “The Power of One Dram” initiative is the “City of Smile” Foundation EBRD lends US$ 40 million to Acba bank for youth-led firms in ArmeniaHeading Into 2026 at Ucom Speed։ New Year Offers Are Now Live Bvik and Idram Standing by Young ReadersIDBank participated in the conference dedicated to the 10th anniversary of the Armenian Institute of Directors AxelMondrian Wins Three Major International Awards for Branding, PR and Film Production in 2025Ucom Promotes Space Engineering Education Global Finance names AraratBank Best Sub-Custodian Bank 2025 in ArmeniaAraratBank Participates in “Women’s Empowerment Principles in Armenia” Conference Unibank’s Perpetual Bonds Were Acquired in Nearly One Day Acba bank and France’s Proparco to continue strengthening their long-term strategic partnershipTeam Holding Announces the Launch of Bond Placement. Underwriter - Freedom Broker Armenia Unibank Issues the First in Armenia Perpetual Bonds Team Holding Announces the Launch of Bond Placement. Underwriter - Freedom Broker Armenia AraratBank Joins Armenia's New Greening Initiative: 100 Hectares of New Forest within Three YearsApply for a Unibank salary card and get a chance to win 1 000 000 AMD