Covington Advises MagtiCom on Acquisition of ISP Cable Assets

Covington Advises MagtiCom on Acquisition of ISP Cable Assets

May 31, 2016

NEW YORK—Covington is advising MagtiCom Ltd., the leading mobile operator in the Republic of Georgia, on its definitive agreement to acquire retail and corporate ISP cable assets from Caucasus Online LLC. The deal is expected to close on or around August 1, 2016.

Following the successful conclusion of the transaction, MagtiCom will be the first and only operator in Georgia offering a full quad-play service with mobile telephony, fixed-line telephony (wireless and cable), Internet (mobile and cable), and television (satellite and IPTV).

The Covington team includes corporate partner Peter Laveran and associate Adele Faure. Also advising are partner Lee Tiedrich and special counsel Adrian Perry (intellectual property), partner Rob Heller (tax), and partner Nicole Duclos (arbitration).