2006-11-17:

MagtiCom, the mobile market leader in Georgia, has acquired a third generation mobile services license from Argotex.  Argotex won the license at an auction in April 2006.

MagtiCom currently has a 3G license and began offering commercial services on       June 2, 2006.  This new license is for a different frequency spectrum, which will allow MagtiCom to expand it’s range of services.

"MagtiCom is the leader in Georgian mobile telecommunications.  In order to maintain our leadership position, we acquired this spectrum to increase our capacity and coverage for our customers. Throughout 2005 - 2006 MagtiCom made significant investment in its infrastructure and we will continue to invest in Georgia to increase our leadership abilities", said David Lee, Managing Director of MagtiCom Ltd.