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MagtiCom snaps up a second ISP, Deltacom

23 Nov 2016

Georgian telecoms operator MagtiCom has signed a contract with Deltacom for the acquisition of 100% of the company’s shares for an undisclosed figure, after the proposed deal was approved by the Georgian National Communications Commission (GNCC). A joint application for MagtiCom’s purchase of Deltacom was submitted to the regulator by the two operators in September, and after determining that the transaction would not have a negative impact on competition in the market, the GNCC gave its prior consent to the deal. Internet provider Deltacom owns and operates fixed broadband access networks and backbone infrastructure in Tbilisi, Kakheti, Mtskheta-Mtianeti, Samegrelo-Zemo Svaneti, Samtskhe-Javakheti, Adjara, Imereti, Kvemo Kartli and Shida Kartli.

Earlier this year, MagtiCom boosted its presence in the fixed broadband sector by acquiring the retail operating assets of ISP Caucasus Online. The formal signing of a sale and purchase agreement between the two firms took place at the end of May 2016 and the process of handing over the corporate and retail service assets to MagtiCom began on 1 August 2016, from which date the company started offering commercial fixed broadband (FTTx and xDSL), fixed telephony and IPTV services to consumers, alongside its existing portfolio of mobile voice and data, fixed-wireless telephony and satellite TV. MagtiCom said the acquisition of Deltacom will enable it to expand the reach of internet access services, although Deltacom will continue to provide services to its customers under its own brand name.

Georgia, Delta-Net, MagtiCom

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