Dentons advises Georgia’s #1 telecom Silknet on US$153 million acquisition of Geocell
Dentons successfully advised Silknet, Georgia’s largest fixed-line telecommunications company, on the acquisition of Geocell, the second-largest mobile operator in the country. The value of the acquisition was US$153 million.
The acquisition, announced on January 26, 2018, will create the integrated telecom operator in Georgia, combining the broadband, pay TV and fixed line operations of Silknet with the mobile telecommunication activities of Geocell. The acquisition is expected to be completed in the second quarter of 2018 after regulatory approvals.