From August 1, MagtiCom shall be providing the customers with cable internet, internet television, fixed telephony and hosting services of Caucasus Online.
MagtiCom LLC and Caucasus Online LLC have executed an agreement based on which Caucasus Online LLC will transfer to MagtiCom LLC all assets used for provision of the retail and corporate services.
The EBRD financing will enable MagtiCom to acquire the fixed-line broadband internet network platform from the Caucasus Online in order to further expand into regions outside of Tbilisi.
The condition of the license for using the 800 MHz frequency spectrum purchased by MagtiCom on May 31, 2016 stipulates to guarantee the 90% coverage of the populated territory of the country during the 5-year period of time.
The material events having developed recently at MagtiCom are as follows: