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ATK seeks Russian investor?

15 Oct 2013

Abkhaz Telecommunications Company (ATK), a fixed line operator in Abkhazia, a breakaway region of Georgia, is reportedly looking for an investor from Russia to enable it to expand its operations. Kommersant reports that Russian operators MTS, MegaFon, Vimpelcom and Tele2 Russia have received proposals to acquire up to a 25% stake in ATK, which also holds licences to provide 2G, 3G and 4G LTE services and owns fibre-optic infrastructure connecting Sukhumi to the Russian border. TeleGeography’s GlobalComms Database notes that MegaFon already has a presence in Abkhazia via mobile operator Aquafon; the Russian firm took control of the cellco in March 2009 by paying RUB935 million (USD28.5 million) for a 100% stake in Debton Investment Ltd, the holder of 51% stakes in both Aquafon and South Ossetia-based Ostelecom.

Georgia, Abkhaz Telecommunications Company (ATK), Beeline (Russia), MegaFon, Mobile TeleSystems (MTS), Tele2 Russia, VEON

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