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General

Geocell acquisition could lead to decline in competition in Georgia - report

Wednesday 14 February 2018 | 11:28 CET | News
Georgian ISP Silknet's plans to acquire mobile operator Geocell for USD 153 million would lead to a significant reduction in competition, reports Bizzone.info, citing experts in the telecommunications sector. There would be an increased threat of cartel agreements. Representatives of the Association of Young Financiers consider that after the potential merger, two companies would control the markets.

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Categories: General
Companies: Beeline / Beeline Georgia / Caucasus Online / Geocell / MagtiCom
Countries: Georgia
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