Aquafon

Aquafon GSM
joint stock company
Industry telecommunications
Founded 2003
Headquarters Sukhumi, Abkhazia, Georgia
Area served
 90% of the coast and foothills of Abkhazia, Georgia
Products mobile telephony
Website aquafon.com

Aquafon is the oldest and largest mobile phone company of Abkhazia. In 2008, it had 80,000 subscriptions.

History

Aquafon was established March 6, 2003, and its network became operational on July 13 of that year. By April 2007, the number of subscriptions had reached 50,000 and, in 2008, this number had further risen to 80,000.

In summer 2008, Aquafon began to provide GPRS and video call services in test mode and officially launched its 3G network with HSDPA support on September 30.[1]

Ownership

51% of Aquafon's shares are owned by Mondeo Holdings, an offshore company based in the British Virgin Islands. Mondeo Holdings is in turn 100% owned by Bermuda based ComTel Eastern, which also owns 31% of MegaFon and 50% of Sky Link.[1]

Competition

Until 2006, Aquafon held a monopoly on the mobile telephone market of Abkhazia. In 2006, a second company, A-Mobile, started to provide services.

See also

References

  1. ↑ 1.0 1.1 Абхазский "Аквафон-GSM" запустил 3G-сеть, 07.11.2008 (Russian)

External links