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Vimpelcom interested in Caucasus Online?

12 Nov 2015

Vimpelcom, which owns Mobitel (Beeline), Georgia’s third largest mobile operator by subscribers, is considering a move into the fixed broadband market via the acquisition of local ISP Caucasus Online, writes EurAsia Daily, citing a report by Georgian newspaper Resonance. According to the report, the two companies are set to apply to the Georgian National Communications Commission (GNCC) to obtain prior approval for the deal. The report follows speculation that plans for a potential merger between Caucasus Online and market leader SilkNet have fallen through, after the pair failed to submit the information required by the GNCC to carry out an assessment of the deal, resulting in the regulator halting its investigation.

TeleGeography’s GlobalComms Database notes that Caucasus Online was established in 2006 through the merger of ISPs Caucasus Network, SaNet and Georgia Online, and the combined entity went on to acquire fixed-wireless operator Telenet in July 2008. Caucasus Online is the owner of the 1,200km Caucasus Cable System, which stretches across the Black Sea between Georgia and Bulgaria, providing direct access to Western Europe.

Georgia, Caucasus Online, Georgian National Communications Commission (GNCC), VEON, VEON Georgia (Beeline)

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