GNCC has held a public hearing in the framework of administrative proceedings based on an application of “Magticom” Ltd in regard to prior consent for the acquisition of operating assets owned by “Caucasus Online” Ltd.

“Magticom” Ltd is willing to purchase all those assets owned by “Caucasus Online” Ltd that company uses in order to provide broadcasting transit (IPTV), digital telephony (VOIP) and retail internet services for its subscribers.

During the session, Competition Support Department has examined possible impact on competition of relevant market segments in the field of electronic communications sector in case of a purchase of assets owned by “Caucasus Online” Ltd by “Magticom” Ltd and has presented a conclusion, according to which, implementation of such transaction will not affect competition in the relevant market segments.

GNCC will announce its decision on a session scheduled for November 19, 2015, at 3:00 pm.