Alfa Com Management Sold for 4 Years

The COMMERCIAL TIMES

LTD Alfa Com has been handed over to ltd. Golden Com for four year management. The Ministry of Economics and Sustainable Development has announced the results of the online auction. According to the report, 100% management has been sold for GEL 110 000 and the investor company has taken obligation to maintain the current profile of the company. The Ministry says that the Alfa Com, which is the owner of the Tbilisi TV Broadcasting Tower, has not been sold but only handed over to the investor for management.

During the four years, Golden Com is obliged to make USD 12 million investment in the development of the company infrastructure, introduce new technologies and develop the current services.