Silknet

Stock performance

History

Silknet was formed through the merger of several Georgian telecommunications companies and grew into the largest telecommunications and internet-service provider in Georgia, building extensive fixed-line broadband and mobile infrastructure across the country over more than a decade of consolidation and expansion.

Business model

Silknet provides fixed-line internet, mobile telecommunications, and pay-television services across Georgia, operating as the country's largest integrated telecommunications provider following its formation through merger.

Market position

Silknet is the largest telecommunications operator in Georgia, holding a leading position in fixed-line broadband alongside a significant mobile business, competing with Magticom and other domestic operators.

Country impact

Silknet is one of the largest companies in Georgia and critical national telecommunications infrastructure, and its extensive broadband buildout has been an important part of the country's digital-connectivity development since independence.