Agreement on Georgia's Railway Telecom extended
Georgia, Tbilisi, Jan. 22 / Trend N. Kirtskhalia /
So far, the agreement on purchase the telecommunication branch of the railway - Railway Telecom has not been formalized between "Georgian Railways" JSC and "Linkstelekom" Ltd.
The governmental commission, which has reviewed applications of companies wishing to purchase Railway Telecom, postponed the date of registration of the agreement with a foreign company before the end of the first quarter of 2010.
The privatization auction of Railway Telecom was held on November 23, 2009. The agreement was to be formalized within 30 days.
The Dutch company Linkstelekom won in the auction. It acquired a branch of the Georgian railway for $14.35 million.