Tag Archives: Silknet

JSC Silknet (“Silknet”), one of Georgia’s leading telecommunications operators, has successfully priced a debut $200 million 5-year 11% senior unsecured bonds issue (the “Notes”). The Notes were subscribed by investors from a wide range of geographies. The Notes are expected to be rated B1 by Moody’s and B+ by Fitch, …

JSC Silknet (“Silknet”), one of Georgia’s leading telecommunications operators, has successfully priced a debut $200 million 5-year 11% senior unsecured bonds issue (the “Notes”). The Notes were subscribed by investors from a wide range of geographies.  The Notes are expected to be rated B1 by Moody’s and B+ by Fitch, …

Home insurance without leaving home. Under the partnership of Silknet and TBC Insurance, from now on home insurance can be available straight from the Silk TV. Silk TV clients will be able to activate insurance from TV menu, from the application sidebar after which they will be contacted by a …

The Oligopoly in the communications sector has demonstrated its negative effects again – last week, two major players released statement on raising tariffs. Surprisingly, both companies raised tariffs simultaneously for the same services. In economics, this move is called cartel collusion, and in all normal countries similar manipulations are severely …

On January 26, 2019, massive system change is  planned on Silknet mobile network. The company executes a billing system swap. This change will enable the company to provide the customers with best in class service, which will be tailored to their needs. Moreover, with new billing system, Silknet will become …

Silknet and Magti companies plan to increase service tariffs for their subscribers. Magti’s revised tariffs will be effective on February 18, while Silknet will launch new tariffs on March 1, 2019. Geocell clients will have to pay monthly fee for a mobile number service. The 20-Tetri fee will be deducted …

The Georgian publishing of the World’s leading business edition Forbes Georgia named „Silknet” the winner of the year in CSR nomination. At the year-end summarizing gala reception held by Forbes, following successful businesses were named in these categories: Forbes Woman, Forbes Entrepreneur, Forbes Partner,  Forbes Startup, Forbes Social Impact. Among …

Silknet Becomes Main Brand and Geocell with the Unchanged Name is represented as Its Mobile Direction. Silknet and Geocell are two brands with long history that changed people’s mindset about time and means of communication. Years ago, fast internet became more accessible with Silknet. For the first time in Georgia, …

Silknet and Geocell Are Offering Joint Campaign to Customers. Merger of the two leading companies of the telecommunication market will provide Georgia’s customers with the combination of all innovative telecommunication services, including advantages, as simplicity, flexible customized offers and significant savings of cost and time. The joint offer from Silknet …

National Geographic Channel has aired 10-series documentary film ”One Strange Rock”, directed by Darren Aronovsky (”Black Swan”; ‘Mother’; ”Pi” ; ”Noa”). Will Smith and experienced astronauts came together in the film to tell us the story- how life has begun on Earth. Episodes promise to bring new knowledge, discoveries and impressions …

Fitch Ratings has placed Georgian-based telecoms company JSC Silknet’s Long-Term Issuer Default Rating (IDR) of ‘B+’ on Rating Watch Positive following the company’s announced acquisition of Geocell, Georgia’s second-largest mobile operator. The ratings are likely to be affirmed at the current level of ‘B+’, with the assignment of a Positive …

Deal between Silknet and Geocell amounted to 153 million USD, reporters were said at today’s news conference, which was held by Giorgi Ramishvili, founder of Silk Road Group and Silknet supervisory board chairman, Lekso Topuria, member of supervisory boards of Silk Road Group and Silknet, Badri Japaridze, founder of TBC …