Metal Sky Star Acquisition Company Announces LOI with Fedilco Group Limited

NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Metal Sky Star Acquisition Corporation, a Cayman Islands exempted company (NASDAQ: MSSA) (the "Company” or "Metal Sky”) announced today that it has entered into a letter of intent (the "LOI”) with Fedilco Group Limited, a Cyprus based company ("Fedilco”) holding 80% equity interest of Viva Armenia Closed Joint-Stock Company, an Armenia-based telecommunication company ("Viva”). Pursuant to the LOI, the Company expresses interest in acquiring all the issued and outstanding shares of Fedilco. The parties will obtain all the required permissions and/or approvals of the state authorities of the Republic of Armenia.

Viva's success in the field of mobile communications is conditioned by the following principle: mobile services should be available not to a limited number of people, but to everyone. Viva provides its subscribers with the opportunity to keep in touch with their homeland, regardless of their location. Viva has 529 roaming partners in 192 countries of the world. Viva is the first company in Armenia to introduce and apply CSR as a management model and is the first operator to be guided by the international principles of social responsibility ISO 26000.