Middle East > Georgia > Communication
Communication / ICT in Georgia
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The European Union supports this transaction through a risk-sharing facility, the Bank reported.
GEORGIA, 2015/05/15 The European Bank for Reconstruction and Development is providing a €1.9 million loan to local broadcast operator Stereo+ Ltd, together with Georgia’s TBC Bank, to support the switch from analogue to digital broadcasting in Georgia. The European Union supports this transaction through a risk-sharing facility, the Bank reported. The digital switchover is critical in modernising the data technology and communications sector, which will help Georgia to meet EU standards. The use of digital broadcasting will make additional capacity available on freed-up frequencies. This will lead, in turn, to additional advanced services and a additional diverse and competitive market – two key goals in the establishment of the Deep and Comprehensive Free Trade Sector(DCFTA).
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