Georgia - Telecoms, Mobile and Broadband - Statistics and Analyses
Telecom investors nervous about committing to Georgia’s market. Georgia’s government has long recognised the importance and value of enabling widespread access to telecommunication services and the Internet. It has been actively encouraging investment in fibre networks to offset the poor state of the country’s fixed-line infrastructure, for example. Likewise, the country’s three MNOs (SilkNet, MagtiCom, and VEON Georgia) have each been required to make their respective networks available to new MVNOs. This was in place by the start of 2021.
However, following what appeared to be an attempt to block a foreign takeover of one of the country’s ISPs (the wholesale arm of Caucasus Online by Azerbaijan’s Neqsol Holdings), international investors may have been inadvertently warned off. As such, no prospective MVNOs have come to the surface so far. Neqsol’s acquisition of Caucasus Online was at least ultimately successful in March 2021, but only after being forced to seek redress from the International Centre for Settlement of Investment Disputes (ICSID).
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