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Magticom+ Caucasus Online: Magticom is Allowed Buy Caucasus Online Assets

Georgian National Communications Commission allowed telecommunications company Magticom to purchase operating assets of Caucasus Online.

Magticom wants to purchase part of Caucasus Online’s business, namely its retail assets.

Commission has studied the issue and concluded that acquisition of Caucasus Online assets by Magticom will no have a negative impact on Georgia’s telecoms market competition.

Recently Silknet, another internet provider announced its desire to purchase Caucasus Online assets, but the sides did not submit required documentations on time, based on which Commission did not review the issue.

The process of Magticom – started back in August.