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MagtiCom secures 800MHz spectrum for LTE-A; Caucasus assets to be transferred from August

1 Jun 2016

Georgian telecoms operator MagtiCom has secured mobile spectrum in the 800MHz band through an auction held yesterday by the Georgian National Communications Commission (GNCC). The company says it will use the new frequencies, for which it paid GEL25.391 million (USD11.8 million), in combination with its existing 1800MHz spectrum to launch an LTE-Advanced (LTE-A) network.

In a separate announcement, MagtiCom revealed that it has signed an ‘Agreement on Sale of Independent Business Unit’ with Caucasus Online, after reaching a deal to acquire the ISP’s retail operating assets earlier this year. The process of handing over the corporate and retail service assets to MagtiCom is scheduled to begin from 1 August and is expected to be completed by the end of the year. Following the integration of Caucasus’ networks and assets, MagtiCom will be able to offer a full quad-play service comprising mobile telephony and data, fixed telephony, broadband internet access and television (satellite and IPTV).

Georgia, Caucasus Online, Georgian National Communications Commission (GNCC), MagtiCom

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