Aquafon was established March 6, 2003, and its network became operational on July 13 of that year.

In summer 2008, Aquafon began to provide GPRS and video call services in test mode and officially launched its 3G network with HSDPA support on September 30.

[1] 51% of Aquafon's shares are owned by Mondeo Holdings, an offshore company based in the British Virgin Islands.

[1] Until 2006, Aquafon held a monopoly on the mobile telephone market of Abkhazia.

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