What Silknet does

Silknet is a Georgian converged telecommunications operator headquartered in Tbilisi, serving more than 2 million residential and business customers across the country. The company is built on a multi-layer technology stack that includes fiber optic and DSL fixed-line access, LTE 4.5G wireless internet, Georgia's first 5G mobile network, an interactive IPTV platform (Silk TV) with OTT distribution, and the country's largest landline network (Silk Phone). Its mobile arm operates under the Geocell sub-brand and includes eSIM, prepaid, postpaid, tourist, and roaming packages (including satellite roaming for non-GSM areas and Europass for Turkey and the EU).

The revenue model is subscription-driven across five primary streams: mobile services (Geocell), fixed-line internet (Silk+ fiber and DSL bundles with TV, plus add-ons like Night Express, Turbo Button, Optical Boost, and the Gamer Package), television (Silk TV, SilkSat, Silk TV OTT, and thematic content packages from Megogo, Amediateka, Setanta Sports, National Geographic, and YouTube), landline telephony (Silk Phone for both consumer and business PSTN and international lines), and business managed services including VPN, APN, Google Workspace, and Microsoft integrations. Adjacent transactional revenue is generated through authorized Apple-reseller device sales, a TBC Insurance house-insurance distribution joint offer, satellite TV (SilkSat / Global TV) for enterprise and rural coverage, and content add-on subscriptions.

Silknet distributes through its silknet.com storefront, the MySilknet self-serve mobile app, a nationwide physical service-center network, and a dedicated business sales force targeting corporate customers. The company positions itself as the most complete domestic operator under the "everything is connected" brand promise, reinforced by cultural sponsorships such as the Tsinandali classical-music festival. Ownership, financials, and post-1999 corporate events (including the referenced but unconfirmed prior NASDAQ listing under ticker SILK) are not disclosed in the source material, so any investor assessment of capital structure, control, or valuation remains data-constrained.

Name

Silknet

Legal name

Silknet

Website

https://silknet.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

251–500 employees

Short description

Silknet is a Georgian converged telecommunications operator serving over 2 million residential and business customers with mobile (Geocell), fiber/DSL/LTE/5G internet, Silk TV (including OTT), Silk Phone landline, and bundled services.

Ownership category

akta.pro rank

Product category

Telecommunications Services

NAICS

Wired Telecommunications Carriers (517111), Wireless Telecommunications Carriers (except Satellite) (517112), Wired and Wireless Telecommunications Carriers (except Satellite) (51711), Wired and Wireless Telecommunications (except Satellite) (5171)

SIC

Telephone Communications (No Radiotelephone) (4813), Radiotelephone Communications (4812), Communications Services, Nec (4899)

akta.pro primary industry

Fiber ISPs (FTTH/FTTP Retail Providers) (HDAIADAE)

Keywords

• Telecommunications services
• Mobile network operator
• Fiber optic internet
• Digital television
• Converged telecom services

Headquarters

HQ city

Tbilisi

HQ country

Georgia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. Mobile Services: Recurring subscription revenue from mobile network services including voice, SMS, and data packages. Services include pre-paid and post-paid plans, unlimited packages, tourist packages, roaming services, and eSIM offerings.
2. Internet Services: Revenue from fiber optic internet (Silk+), DSL internet, LTE 4.5G wireless internet, and bundled packages combining internet with TV. Additional services include Night Express, Turbo Button, Optical Boost, and Gamer Package.
3. Television Services: Revenue from Silk TV (interactive television), SilkSat (satellite TV), Silk TV OTT, and thematic channel packages including Amediateka, Megogo, National Geographic, YouTube, and Setanta Sports.
4. Fixed Line/Telephone: Revenue from landline telephone services including PSTN, international calling, and Silk Phone packages for both residential and business customers.
5. Insurance Services: Revenue from joint product with TBC Insurance offering house insurance through Silknet platform.
6. Device Sales: Sales of devices including modems, routers, laptops, accessories, and trade-in services. Business segment offers devices from authorized Apple reseller.
7. Business Services: Enterprise services including VPN, APN, Google Workspace, Microsoft services, consolidated tenders, and custom corporate offers.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

Silknet is a Georgian converged telecommunications provider delivering mobile services (under the Geocell brand), fixed broadband internet (fiber optic and DSL), interactive and satellite television (Silk TV, Silk TV OTT, SilkSat), and landline telephony (Silk Phone). The company serves both residential consumers and business customers with bundled packages, digital services (eSIM, parental controls, streaming apps), and value-added offerings like roaming and managed IT services for enterprises.

Product overview

Silknet is a Georgian telecommunications company offering a comprehensive convergent product portfolio spanning mobile services (under the Geocell brand), fixed-line internet (fiber optic and DSL), television (Silk TV, Silk TV OTT, Silk Sat, DSL TV), landline telephony (Silk Phone), and digital services. The core offering includes optical/fiber internet with speed enhancement features (Turbo Button, Optical Boost), mobile services with various data/voice/SMS packages including unlimited and tourist options, and interactive TV services. Key bundled products include Silk+ combining internet and TV, DSL Triple Offer bundling internet/TV/phone, and Mix Packages for business. Digital add-ons include Silk GO app for TV streaming, My Silknet account management, Silk Kiddo parental control, gaming packages, and various content integrations (Amediateka, Megogo, National Geographic, YouTube, Setanta Sports). The company also provides business-specific services including VPN, APN, Google Workspace, Microsoft solutions, and satellite TV for enterprises.

Differentiator

Problem solved

Functional benefit

Brands

• Geocell: Mobile telecommunications brand offering mobile internet, voice packages, SMS services, and roaming
• Silk TV
• Silk Phone
• Silk +
• MySilknet
• Silk GO
• Silk Cosmo
• SilkSat
• Silk Kiddo
• METI
• SilkFest
• Silk Start
• Package Gamer
• Setanta Sports +
• Silk TV OTT
• Voice Packages
• SMS Mania
• CAVEAPLUS
• Roaming Pass / Europass
• National Geographic
• LTE 4.5G
• International Line
• Silk Cosmo Internet
• DSL Triple Offer
• Totally Unlimited
• Unlimited Internet

Products and services

• Optical Internet (Fiber Optic) High-speed fiber optic internet service for homes and businesses with various speed tiers and additional services like Turbo Button and Optical Boost.
• DSL Internet Digital subscriber line internet service providing reliable connectivity at competitive prices, available with TV and phone bundles.
• LTE 4.5G Wireless Internet High-speed wireless internet service using LTE 4.5G technology for flexible connectivity needs.
• Mobile Services (Geocell) Comprehensive mobile network services including voice, SMS, data packages, and roaming services for personal and business customers in Georgia.
• Silk TV Interactive television service offering extensive channel lineup with over 200 channels, additional features including video library, home school, and remote control.
• Silk TV OTT Over-the-top TV streaming service available without Silknet internet subscription, providing access to over 205 channels including Georgian channels viewable in Georgia and abroad.
• Silk Sat (SilkSat) Satellite TV service for areas outside fiber optic coverage, also offered to business customers.
• Silk Phone (Home Phone) Fixed-line telephone service utilizing Georgia's largest landline network with free internal network calls nationwide.
• Silk + (Internet + TV Bundle) Unified family offer combining internet and TV services with up to 25 Mbps internet speed and access to over 200 TV channels, including free installation and WiFi modem.
• Silk + (Family Bundle - Silk2) Comprehensive family package offering internet, TV, and mobile services with special pricing for households.
• DSL Triple Offer Bundled service package combining DSL internet, TV, and phone services for households.
• Mix Packages (Business) Customized mobile packages combining various services for business customers including unlimited B2B offerings.
• VPN (Virtual Private Network) Business network security service providing encrypted private network connections for enterprise customers.
• Google Workspace (Business) Business productivity suite offered as part of Silknet's business services for enterprise collaboration and cloud-based tools.
• Microsoft Services (Business) Microsoft business solutions and cloud services offered to enterprise customers as part of Silknet's business service portfolio.
• Global TV (Business) Business satellite TV service offering up to 100 channels with thematic packages for enterprise customers.
• APN (Business) Access Point Name configuration service for business mobile connections enabling secure enterprise network access.
• PSTN (Business Telephony) Public Switched Telephone Network service for stable business communications including international lines.
• eSIM Electronic SIM card technology allowing digital activation without physical SIM, with compatible device listing and activation guidance.
• Roaming Pass / Europass Affordable roaming packages for Turkey and EU countries, activated via 133#OK USSD code, including satellite roaming for areas without GSM coverage.
• Optical Internet (Business) Dedicated fiber optic internet service for business customers with reliable high-speed connectivity.

Quantifiable outcome

• Over 2 million people connected to Silknet services
• +3 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

AI capability2 records

Feature9 records

Partnerships

Five partnerships are on record, tiered core and minor.

• TBC InsurancecoreStrategic or Co-development PartnerJoint product offering for house insurance (Insure the House - 'daazgvie saxli'). Silknet serves as distribution channel for TBC Insurance products through its platform.
• Google WorkspacecoreTechnology or IntegrationGoogle Workspace integration for business customers, enabling cloud-based productivity tools and collaboration services integrated with Silknet's business telecom offerings.
• MicrosoftcoreTechnology or IntegrationMicrosoft services integration for business segment, providing enterprise software and cloud solutions as part of Silknet's business service portfolio.
• AppleminorChannel Partner/ Reseller/ DistributorSilknet is an authorized Apple reseller, offering Apple devices to business customers as part of corporate packages and device procurement services.
• MegogocoreTechnology or IntegrationMegogo TV and Movies content partnership offering over 130 TV channels and 8,000+ movie and series listings integrated into Silknet's TV service platform.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Regional players

• Azercell: Azercell is Azerbaijan's leading mobile and digital services operator with a similar converged mobile-plus-fixed-plus-digital posture to Silknet; it provides a regional benchmark for market-share dynamics and digital service monetization in a small Caucasus market.
• MyVideo.ge / Georgian cable operators: Local Georgian cable and IPTV operators provide competing TV and broadband bundles in defined regions; they overlap with Silk TV and SilkSat's residential pay-TV proposition within Georgia but do not match Silknet's national mobile footprint.
• Turkcell: Turkcell is a regional converged telecom operator in neighboring Turkey with mobile, fiber, and TV offerings structured similarly to Silknet's Geocell + Silk + Silk TV portfolio, making it a comparable regional benchmark for ARPU, bundling, and digital services strategy.

Direct peers

• MagtiCom: MagtiCom is Georgia's largest mobile operator and a direct competitor to Silknet across mobile, fixed broadband, and TV; both serve residential and enterprise customers nationwide with converged telecom portfolios, making it the closest head-to-head peer in the Georgian market.
• Veon Georgia (Beeline): Veon Georgia operates the Beeline brand and competes directly with Silknet in mobile, fixed internet, and digital services; as part of the multi-country Veon group, it shares the converged-carrier business model that Silknet runs with Geocell, Silk TV, and Silk Phone.
• Cellfie Mobile (formerly Geocell rival): Cellfie Mobile is another Georgian mobile operator competing in the same consumer and business segments as Silknet's Geocell brand, with overlapping prepaid/postpaid and data offerings that make it a directly comparable peer in the domestic market.

Broad incumbents

• Rostelecom: Rostelecom is a large incumbent fixed-line and broadband operator offering fiber, IPTV, and enterprise services comparable to Silk Phone, Silk TV, and Silknet's enterprise stack; while not a Georgian competitor, its converged-carrier economics serve as a useful scale and capex benchmark.
• Vodafone Group: Vodafone is a global incumbent carrier offering converged mobile, fixed broadband, and TV services across many markets; while not present in Georgia under that brand, its bundle-and-content strategy and ARPU benchmarks are highly relevant for Silknet's forward trajectory.
• Orange S.A. Orange operates mobile, fixed, and TV services across Europe, the Middle East, and Africa and is a benchmark for converged telecom operating models; its approach to fiber/5G rollout, content partnerships, and enterprise services maps closely onto Silknet's roadmap.
• VEON Ltd. VEON is the parent of Beeline Georgia and a multi-country emerging-markets telecom group; its portfolio approach to mobile, digital services, and enterprise offerings across Eurasia provides a relevant comparison for Silknet's bundled, multi-country-adjacent strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/silknet
• LinkedInlinkedin.com/company/silknet

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Silknet