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MagtiCom secures €100m EBRD loan

Connectivity BusinessbyConnectivity Business
July 15, 2016
in Financing, Investments, Space Services
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The European Bank for Reconstruction and Development (EBRD) has granted Georgian incumbent MagtiCom a €100m (US$110.7m) loan to improve and expand its broadband networks in rural areas. MagtiCom will use the funds to acquire local ISP Caucasus Online’s fixed-line broadband network platform, enabling it to further expand into regions outside of Tbilisi, the EBRD said in […]

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Tags: Caucasus OnlineCovington & BurlingEuropeEuropean Bank for Reconstruction and Development (EBRD)MagticomPremiumTF247
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