Caucasus – Two out of Three Ain’t Bad

It looks like Emergent Telecom Ventures / Dubai Royal Family Holdings have won (US$600m) the bid for the 90% of Armentel that OTE currently own. Emergent was founded by Juan Villalonga and Mohamed Amersi and bought assets in Georgia last week.

I wonder how long it will be before the Joint Venture makes a bid for assets in Azerbaijan to give them a full house in the Caucasus?

I still think long run that the assets will find a place in the Altimo trophycase, although they would also fit in nicely with Vodafone’s Turkish asset.