Lawyers from Balcioglu Selcuk Akman Keki Attorney Partnership have worked with the Dentons office in Georgia in advising Silknet, Georgia’s largest fixed-line telecommunications company, on the acquisition of Geocell, the second-largest mobile operator in the country.
The acquisition, which is valued at USD 153 million, was announced on January 26, 2018, and created the integrated telecom operator in Georgia, combining the broadband, pay TV, and fixed line operations of Silknet with the mobile telecommunication activities of Geocell.
Dentons’ work included due diligence on the target company, regulatory advice. and advice on transaction documentation. The acquisition is expected to be completed in the second quarter of 2018 after regulatory approval.
Dentons’ Tbilisi office was led by Partner Avto Svanidze and included Counsel Zurab Kiliptari, Senior Associate Irakli Pipia, and Associates Natela Otaridze, Nelly Nadirashvili, Nelly Tsivtsivadze, and Sopho Mebonia.
BASEAK Partner Mufit Arapoglu and Associate Cenk Yilgor assisted with Turkish law issues.
