October 31, 2008

Radiofrequency Spectrum Licence Was Sold for 9,312,582,03 GEL

The winner has been declared in the Auction held today by the Georgian National Communications Commission. JSC “Clearstream Georgia” is ready to pay 9,312,582,03 GEL to acquire Radiofrequency Spectrum Licence. “Black Sea Telecom” LTD and JSC “United Telecom of Georgia” participated in the auction.

The Georgian National Communications Commission announced the auction for acquisition of right to use Radiofrequency Spectrum Licence on the basis of the Resolution adopted by GNCC on September12, 2008.

The initial price of resource usage was 1,862,502,03 (one million, eight hundreds and sixty two thousands, five hundreds and two GEL and three Tetris) GEL.

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