BAKU, Azerbaijan, March 27
Tamilla Mammadova – Trend:
The 100 percent of stake in Georgian telecom company 'Caucasus Online' has been bought by the NEQSOL Holding, Trend reports via Georgian media.
NEQSOL Holding is a major international group of companies that owns Ukraine’s leading mobile operator Vodafone Ukraine, and UK-based oil & gas exploration company Nobel Upstream and Oil Services.
The NEQSOL Holding became the owner of 'Caucasus Online' with the aim to create a new Digital Silk Way that would connect Central Asia to Europe via the cables beneath the Caspian and Black Seas.
'Caucasus Online' is currently the owner of undersea fiber optic cable that connects Georgia to Europe making it a part of this international project.
"We need to understand that the 'Caucasus Online' has been and will be a part of a bigger digital silkway program. As a part of the program MoUs are signed with potential partners. We are moving forward, we have finalized a feasibility study and we are ready to start the construction of trans-Caspian fiber optic cable next year," said Teymur Taghiev, Head of Strategy at NEQSOL Holding.
According to him, Georgia is a closest part to Europe within the digital silkway.
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