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Fitch Ratings Approved Silknet’s ‘B +’ Credit Rating

Leading international rating company Fitch confirmed Silknet B + credit rating in 2017 as well. The rating was given to company in 2016.

”We are glad that Fitch has confirmed the Silknet credit rating, which was first received about a year ago.We are one of the first companies from non-finance sector of Georgia who received international credit ratings and issued public securities. We hope to improve the standards of financial sustainability, transparency and corporate governance in the future,” – Said Ilia Enukashvili, head of the Silknet Strategic Development Department.

JSC Silknet is a leading telecommunications company in Georgia, providing customers with internet, television, fixed telephone and business telecommunication services.

According to the data of 6 months of 2017 (Georgian National Communications Commission), Silknet holds 41% of Georgia’s fixed Internet segment, 30% of broadcast transit (pay TV) segment and 48% of fixed telecom segment.