Who Owned Georgia English.pdf

owned mostly by the Nordic telecom giant, TeliaSonera, (58.55%shares) and claims to own 74.3% of shares in Geocell. 134 Turkcellowns the remaining shares of Fintur Holdings B.V.Magticom, Georgia’s second largest provider of mobiletelecommunications is officially owned by two Americancompanies - International Telcell Celular LLC (ITCL), whichowns 51% of the shares and Telcell Wireless LLC, which hasthe remaining 49% 135 . TI Georgia found that, as of August 26,2010, Telcell Wireless is a wholly owned subsidiary of ITCL.In addition, Gia Jokhtaberidze, the founder of Magticom andthe son-in-law of former president Eduard Shevardnadze, has51% of ITCL’s shares while his affiliate company, GemstonePartners, also has minor shares (3%) of ITCL 136 . On February20, 2004, police boarded a scheduled Tbilisi-Paris flight at theTbilisi airport and arrested Jokhtaberidze for tax evasion. Hisfamily claimed the arrest was political persecution. In April,Jokhtaberidze paid $15.5 million to the state to have charges heevaded paying 700,000 GEL dropped.Mobitel, which was established in 2003, 137 is another cellphone operator with a rather opaque ownership structure,although when you connect most of the dots, they lead tothe Sharangia brothers. According to the public registry, thecompany has three official owners: LLC Watertrail Industries,with 51% of the shares, LLC Delgado Resources with 32% of134 TeliaSonera Website http://www.teliasonera.com/en/about-us/markets-andbrands/georgia/Accessed 12/09/2012135 Public Registry. Ministry of Justice of Georgia. 01/11/2012 https://enreg.reestri.gov.ge/main.php?c=mortgage&m=get_output_by_id&scandoc_id=469258&app_id=544491 Accessed on 05/12/2012136 Disclosure Statement With Respect to the Chapter 11 Plan ofReorganization for MIG, Inc. http://bankrupt.com/misc/MetroMediaIntl_DisclosureStatement.pdf Accessed 12/09/2012137 VimpelCom buys controlling stake in Georgia’s Mobitel http://en.rian.ru/business/20060712/51261837.html Accessed 12/09/201235