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Sunday, 23 October 2016


Tbilisi telecommunication tower was sold today

2011-08-01 20:22

According to the Ministry of Finance of Georgia, Tbilisi telecommunication tower was sold today for 110 thousand GEL, as reported by the IA Trend.

The buyer was not named; the Ministry of Economy and Sustainable Development will report this information later. However, it's already known that the new owner is obliged to keep specialization of the tower over four years and to invest $ 12 million to its development.

Earlier, a letter in connection with tender for the transfer of rights to manage this TV tower was sent to Georgian Prime Minister Nika Gilauri. This letter was sent by Georgian coalition "For Media Advocacy". A similar document was sent to Economy Minister Vera Kobalia, as well as to the National Communications Commission. As was stated in the letter, "a special attention was paid to the fact that the Ministry of Economy and Sustainable Development of Georgia had put to the online auction company "Alfa-com" in order to transfer 100% of share to possession of a private company".

"Freedom of media implies a right to free access to information and right to its distribution. Accordingly, the assets which were put to online auction by the Ministry of Economy and Sustainable Development of Georgia, is very important because of its functionality, and freedom of speech in the country depends on fully operational facility of the tower"- the document said.
The letter also noted that "Alpha-com" has been created on the base of "Teleradiotsentr of Georgia" and it is its legal successor. The company operates 26 towers including Tbilisi TV tower located on the funicular. Television-, radio-, telephonic and other signals are being broadcasted by 16 television and 30 radiostations."

"Information about transfer of control this TV tower to a private company caused some concern among the companies working in telecommunications. The way, investor is going to pay out its debt, is still unknown. This confusion is caused by possibility of emergence of problems for business of communication companies"- said the authors of the letter.

"We believe that online auction, announced by the Ministry of Economy and Sustainable Development of Georgia, which was speeded up without prior public debate, as well as unknown terms of auction, are not sufficiently compelling factor" - the document said.

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