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Internet Provider Caucasus Online Considering a Merger with Mobile Operator MagtiCom

Communications company Caucasus Online makes clarification on the possible merger with its main competitor – the Silknet company.

Caucasus Online, like any progressive and dynamic company, is constantly looking for opportunities to expand and strengthen. At this stage, we are going to negotiate with international financial institutions, as well as foreign and local communications companies. As for a request submitted to  the National Communications Commission about Caucasus Online and Silknet merger, we want to clarify that  the Commission’s  permit  is required  for a merger or sale of assets in this area.

To start negotiations on this issue, we should  know the Commission’s position on a possible merger. At the moment, Caucasus Online and Silknet  have not signed  any formal agreements. We may also declare that Caucasus Online does not rule out a deal with other foreign or local companies and clarify the Commission’s position on this matter. For example, we’ve sent a joint request about  the merger with mobile operator MagtiCom.

The current process is a natural step in the development of the sphere of communications in the country – Caucasus Online  statement reads. Additional and more detailed information will be made public only after the adoption of specific solutions – the Internet provider’s management explains.