Cellfie Mobile, a Georgian operator of mobile network serving over 1.3 million subscribers across Georgia, has received a BB-/Stable rating from leading European rating agency Scope Ratings. The high credit rating is due to factors such as low credit exposure and low industry cyclicality. Cellfie is characterized by good profitability and a stable market position. The credit rating outlook has been determined as stable and is driven by positive expectations for Cellfie's competitive position.

“I am delighted that Cellfie Mobile's achievements and plans for the near future are well reflected in the successful credit rating. This assessment from a reputable European rating agency will help the company to attract financial resources on even more favorable terms, which it will apply to expand its network and create even more value for the customer. I would like to congratulate my colleagues at Cellfie on this important recognition and thank them for their contribution in working with the rating agency,” said Vasil Berishvili, CEO of Cellfie Mobile.