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MagtiCom wins Georgia’s first 3G licence

15 Aug 2005

Georgian GSM market leader MagtiCom has won the country’s first 3G mobile licence after outbidding domestic rival Geocell and local firm Musical Imedi with an offer of GEL20.379 million (USD11.3 million). The bid was more than double the expected price for the 2100MHz band UMTS concession – Georgian regulator the GNCC had opened the auction at GEL8.491 million. David Lee, MagtiCom’s general director, said that the company was prepared to pay a high price to be the first to offer a new generation of services, and that it was already working with suppliers to install UMTS equipment. He added that MagtiCom was no longer comparing itself to peers in eastern European or CIS countries, but was instead looking to emulate the success of cellcos in western Europe. The GNCC has given the company twelve months to introduce 3G services and three years to cover the bulk of Georgia’s territory. This is the second licence tender that MagtiCom has won this summer; at the end of May it was awarded Georgia’s first CDMA 800MHz concession with a bid of USD14.4 million.

Georgia, MagtiCom

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