Balcıoğlu Selçuk Akman Keki Attorney Partnership (“BASEAK”) advised on the Turkish law aspects of Silknet’s, Georgia’s largest fixed-line telecommunications company, acquisition of Geocell, the second-largest mobile operator in the country. The value of the acquisition was US$153 million.

The acquisition, announced on January 26, 2018, will create the integrated telecom operator in Georgia, combining the broadband, pay TV and fixed line operations of Silknet with the mobile telecommunication activities of Geocell.  A team of nine lawyers from Dentons’ Tbilisi office, led by partner Avto Svanidze, advised Silknet on the deal, with support from BASEAK partner Mufit Arapoglu and associate Cenk Yılgör on Turkish law issues. Dentons’ work included due diligence on the target company, regulatory advice and advice on transaction documentation. The acquisition is expected to be completed in the second quarter of 2018 after regulatory approvals.

About Balcıoğlu Selçuk Ardıyok Keki

Balcıoğlu Selçuk Ardıyok Keki Attorney Partnership is an Istanbul-based full service law firm with a team of 130+ lawyers and economists. Our practice focuses on a wide range of areas including real estate, corporate, mergers and acquisitions, banking, project finance, capital markets, competition and anti-trust, employment, litigation and arbitration, telecommunication, regulatory and public law and intellectual property. We represent and advise Turkish and multinational clients, including Fortune 500 companies, in the banking and finance, private equity, real estate, manufacturing, hospitality and leisure, retail, automotive, energy, information technology, life sciences, luxury fashion and beauty, and media sectors.