PSCR Armenia after sucessfully conducted spectrum auction has announced that new spectrum bands for 700 MHz and 800 MHz have been awarded to Team Telecom and MTS Armenia.

Team Telecom won 2x20 MHz in 700 MHz range and MTS acquired 2x10 MHz in 800 MHz range. 
Both bidders agreed to pay 2.25 billion AMD (~5.53 M USD) for assigned spectrum. Duration period for assigned spectrum remains open.