Aze.Media
Who we are
Donate
No Result
View All Result
  • Opinion
  • News
    • Economy
    • Energy
    • Ecology
  • Culture
  • Diaspora
  • Interview
  • Science
  • Logistics-Transport
  • Gender
  • History
  • Defense
  • Karabakh
  • Home page
  • Culture
  • Defense
  • Diaspora
  • Gender
  • History
  • Interview
  • Karabakh
  • Logistics-Transport
  • News
    • Ecology
    • Economy
    • Energy
  • Opinion
  • Science
No Result
View All Result
Aze.Media
Home News

Azerbaijani company buys key Georgian communications firm, regulator says ‘illegal’

The Georgian National Communications Commission (GNCC) said on March 25 that Azerbaijani NEQSOL Holding “illegally” completed acquiring the full shares of the leading Georgian telecommunications firm Caucasus Online in August 2020.

Author: AzeMedia
March 26, 2021
in News
Reading Time: 2 mins read
1007telecommunications-780x405

Photo: via Unsplash

The NEQSOL bought a 49% stake in the company in 2019, in a deal the state regulator said was also unauthorized.

The GNCC said the Azerbaijani company made the “expedited” acquisition before the state regulator appointed special manager, Mariam Sulaberidze, to the Georgian firm to reverse the initial 2019 sale.

The statement highlighted that Caucasus Online has left the violation unaddressed “despite the Communication Commissions’ several rulings.”

Noteworthy that before the special manager reversed the transfer, Caucasus Online’s former owner International Online Networks first unsuccessfully filed a suit against her appointment at the Tbilisi City Court, and then appealed in the second instance.

The Appellate Court suspended Sulaberidze’s authority until a final ruling, citing “substantiated doubts” about the legality of the regulator’s appointment.

The Court added that the results of the special manager’s activities and the scale of possible harm done to Caucasus Online and its partner “may even become unforeseeable.”

Response to the Venice Commission

The Georgian regulator’s statement followed a Venice Commission opinion that that criticized its authority to appoint special managers with “vast and over-reaching” powers to companies.

The GNCC cited the Caucasus Online developments as an illustration of the need to have “a more effective and less harmful” measure to enforce its decisions than terminating the licenses of the companies that refuse to abide by the regulator’s rulings.

It also responded to the Venice Commission’s opinion that having the mentioned authority leads to “far reaching consequences for the right to property and media freedom,” arguing that electronic communications legislation “does not regulate” freedom of expression, a right guaranteed instead by the Constitution, Law on Freedom of Speech and Expression and the Law on Broadcasting.

civil.ge

Share8Tweet5SendShare

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe

Related Posts

Dewa-headquarter
Energy

DEWA, Azerbaijan discuss bilateral relations in energy sector, business opportunities

June 25, 2022
admin-ajax
Covid-19

EU-funded Solidarity for Health Initiative presents its results

June 24, 2022
24-BoG
Economy

Black Sea Trade and Development Bank announces net profit of 43.9 million Euro for 2021

June 24, 2022
Lavrov
News

Russian FM: OSCE Minsk Group ceased operations

June 24, 2022
344TQT7A35LYLATVPIVG5M3NVE
Energy

BP paid the Azeri government $10.59bn in production entitlements and other fees last year.

June 24, 2022
214503
News

Peace agreement proposal left unanswered by Armenia: Aliyev

June 24, 2022
gorus12
News

Lavrov offers Azerbaijan to relaunch bilateral cooperation formats suspended during coronavirus pandemic

June 24, 2022
virgil-popescu-1920x1020-c-default-1920x1020-c-default
Energy

Energy Minister in Azerbaijan: We’re interested in diversifying energy supply sources & routes, petrochemical industry investments

June 24, 2022

New articles

Energy

DEWA, Azerbaijan discuss bilateral relations in energy sector, business opportunities

June 25, 2022
Opinion

EU mediates conflict in South Caucasus, long part of Russia’s geopolitical orbit

June 24, 2022
Covid-19

EU-funded Solidarity for Health Initiative presents its results

June 24, 2022
Economy

Black Sea Trade and Development Bank announces net profit of 43.9 million Euro for 2021

June 24, 2022
Gender

Women in diplomacy: a centuries-old practice in Azerbaijan

June 24, 2022
News

Russian FM: OSCE Minsk Group ceased operations

June 24, 2022
Energy

BP paid the Azeri government $10.59bn in production entitlements and other fees last year.

June 24, 2022
News

Peace agreement proposal left unanswered by Armenia: Aliyev

June 24, 2022
News

Lavrov offers Azerbaijan to relaunch bilateral cooperation formats suspended during coronavirus pandemic

June 24, 2022
Science

Lotfi Zadeh – a man that changed the world: Azerbaijani roots of revolutionary “fuzzy logic”

June 24, 2022
c24a7d34-02d2-45a2-95ad-980aa8264ad5
426082d1-a9e4-4ac5-95d4-4e84024eb314
ab65ed96-2f4a-4220-91ac-f70a6daaf659
96e40a2b-5fed-4332-83c6-60e4a89fd4d0
759bde00-a375-4fa1-bedc-f8e9580ceeca
aze-media-logo-ag

Aze.Media offers an independent and strategic insight on socio-cultural, political and economic life in Azerbaijan. We are thinkers of diverse disciplines spread across countries working together as one team to provide international audiences with an alternative point of view on Azerbaijani and foreign realities.

Email: editor@aze.media


© 2021 Aze Media International Platform for Alternative Thought.

No Result
View All Result
  • News
  • Economy
  • Ecology
  • Energy
  • Opinion
  • Culture
  • Gender
  • Interview
  • Science
  • Logistics-Transport
  • History
  • Defense
  • Karabakh
  • Diaspora
  • Who we are

© 2021 Aze Media International Platform for Alternative Thought.