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Magticom Can Buy Caucasus Online Assets But the Deal is Not Over

Georgia’s National Communications Commission GNCC gave Magticom a legal right to obtain retail assets of Caucasus Online, but this doesn’t mean that the business deal is over, say Magticom representatives.

According to Magticom, GNCC’s agreement gives the Company green light to continue negotiations with Caucasus Online regarding the acquisition of its IPTV and Internet Telephone Services, however the deal is not finalized.

The Russian network Beeline’s operating company Mobitel is also competing with Magticom to buy Caucasus Online’s retail assets.