Team acquires 30% of Georgian SkyTel

Team Group of Companies has acquired 30% of SkyTel, Georgia’s telecommunications operator.

One of the goals of the deal is the diversification of the infrastructure entering Armenia, the increase of the level of reliability and security of the Internet, the company’s news release reads.

“The new partnership opens up a good premise and perspective for future cooperation with other international companies and increasing the existing potential. This deal is one of our strategic steps to provide Armenia with even more reliable and uninterrupted Internet,” said Hayk Yesayan, co-founder of the Team Group of Companies.

“With a new co-owner, SkyTel has acquired an experienced and strong partner. Due to Team’s knowledge and experience, as well as participation in the company, we will actively develop the fiber optic internet service as Team Telecom Armenia does in Yerevan and the regions of Armenia. In particular, we plan to expand the fiber optic network coverage in another 220-400 settlements in Georgia within a year,” said Archil Khojashvili, director of SkyTel.

SkyTel was founded in December 2010. According to the Georgian National Communications Commission (GMCC), it is one of the three largest telecommunications companies in Georgia. The length of SkyTel fiber optic cables exceeds 6,000 km, and the number of base stations for wireless internet is 1,200. The company provides Internet and IPTV digital television services to about 70,000 subscribers.

SkyTel’s fixed and wireless Internet is available in more than 2200 settlements in Georgia, covering about 93% of the population.