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Newcomer wins nationwide GSM licence

20 Dec 2006

Little known Georgian company GeoComInvest has won an auction for a nationwide GSM licence in the 1800MHz frequency band. Its winning bid was GEL17.8 million (USD10.1 million), of which 30% must be paid within a month and the rest settled within a year. The auction was held following a request from existing licensee, Mobitel, for the frequencies, although it did not itself submit a bid. Mobitel, a subsidiary of Russian cellco Vimpelcom, has yet to launch commercial operations in Georgia. The losing bidders were MagtiCom, the second placed cellco by subscribers, and newcomer Serviceline.

Georgia, MagtiCom, VEON Georgia (Beeline)

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