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| Type | joint stock company |
|---|---|
| Founded | 2003 |
| Headquarters | Sukhumi, Abkhazia |
| Area served | 90% of the coast and foothills of Abkhazia |
| Industry | telecommunications |
| Products | mobile telephony |
| Website | aquafon.com |
Aquafon is the oldest and largest mobile phone company of Abkhazia. In 2008 it had 80,000 subscriptions.
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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 of 2008 Aquafon began to provide GPRS and video call services in test mode.
Ownership
51% of Aquafon's shares is owned by Mondeo Holdings, an offshore company based in the British Virgin Islands. Mondeo Holdings is in turn owned for 100% by Bermuda based ComTel Eastern, which also owns 31% of MegaFon and 50% of Sky Link.
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.
External links
- aquafon.com - The official website of Aquafon GSM
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Wikipedia content modification information:
- This page was last modified on 27 August 2008, at 12:25.
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