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May 30, 2025 16:59

In 2024, Magticom generated GEL 410 million in revenues from mobile services, while Silknet generated GEL 305 million and Cellfie Mobile generated GEL 149 million

According to the 2024 Activity Report of the Communications Commission, the retail revenues of mobile operators totalled GEL 865 million. Magticom had the largest market share in retail revenues (47%), followed by Silknet (35%), Cellfie Mobile (17%) and Halo (0.2%). 

Magticom generated GEL 410 million from mobile services, which is GEL 25 million more than in the previous year. Silknet's revenues increased by GEL 30 million to GEL 305 million. Cellfie Mobile's revenues increased by GEL 22 million year-over-year to GEL 149 million. Halo generated GEL 2 million in revenues, which is 630,000 more than in 2023. 

According to the data for 2024, the monthly average revenue per user (ARPU) increased by 3% year-over-year to GEL 13.2. The ARPU of Magticom increased by GEL 0.4 to GEL 15. The ARPU of Silknet increased by GEL 0.1 to GEL 13.4. The ARPU of Cellfie Mobile increased by GEL 0.9 to GEL 9.8. As for Halo, the 2024 ARPU figure was GEL 0.5 lower than in the previous year and amounted to GEL 8.

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