GNCC Gave its Approval to the Merger of Two Giants

access_time2018-03-14 10:51:40

The Georgian National Communications Commission (GNCC) gave preliminary consent to the acquisition of  100% of the mobile operator Geocell by the Silknet telecommunication company.

The relevant application was sent to the commission by the deal  participants, and its discussion began on February 6.

The Commission conducted a market survey on the possibility of a monopoly in the case of the merger of two giants. The study showed that  there is no such threat, and  the GNERC  did not find any reasons that could hinder the deal.


At the same time, the commission set a number of conditions for the companies, the failure of which could lead to the revocation of the permit - they mainly concern the rights of consumers.  For example, the same person can have   Silknet internet and mobile communication from some other operator even thought  by acquiring Geocell the company becomes a mobile operator.

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