Georgian telecoms company MagtiCom has announced the commercial launch of fixed line services, following the acquisition of the retail operating assets of ISP Caucasus Online earlier this year. The firm claims that it is currently the only operator in Georgia offering ‘a complete set of telecommunications services’, including fixed and mobile internet access, TV (satellite and IPTV), and fixed line, fixed-wireless and mobile telephony (2G, 3G, and 4G). MagtiCom has commenced the integration of its networks with the infrastructure of Caucasus Online and the process is expected to be completed by the end of the year.
As previously reported by TeleGeography’s CommsUpdate, MagtiCom reached a deal to acquire the retail operating assets of Caucasus Online in March this year. Last month, MagtiCom secured a USD100 million loan from the European Bank for Reconstruction and Development (EBRD) to support the acquisition and to allow it to improve and expand its broadband services into areas outside of the capital Tbilisi, particularly in rural locations.