Team Group marks its first EU investment with acquisition of majority stake in Irish business
Team Group's owners said the National Broadband Plan had laid the groundwork for a shift towards fibre technology over the past two years. Photograph: Getty
The transaction marks Team Group’s first investment in an European Union country. The Armenian-owned company, which is led by brothers Hayk and Alexander Yesayan, is also a leading mobile phone network operator in its home market. “Over the last 24 months, the shift towards fibre technology has been transformative, particularly in rural Ireland.
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