Vivacom
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Vivacom

Company nameVIVACOM
Company typejoint stock company
Industrytelecommunications
Founded1992
HeadquartersSofia, Bulgaria
Key peopleBernard Moscheni, CEO
Productsfixed line telephony, Internet services, mobile telephony (as Vivatel)
Revenue(+) -515.7 million (2006)
Employees9370

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VIVACOM ( ), previously named Bulgarian Telecommunications company (BTC) is the largest telecommunications company in Bulgaria and a former state-owned monopoly. Founded as a joint stock company in the end of 1992 as part of the separation of Bulgaria's post and telecommunication services into separate companies, it serves a total of 2.6 million fixed phone lines and employs about 10,000 people.

In June 2004 65% of the Bulgarian Telecommunications Company were sold to Viva Ventures, owned by Advent International, for -280 million (about 380 million U.S. dollars). As part of the deal, BTC was provided a GSM operator license and launched Vivatel, Bulgaria's third GSM operator, in 2005. An UMTS license was additionally purchased in May 2005. In May 2007 the company was sold again. AIG purchased both the Bulgarian Telecommunications Company and the third Bulgarian mobile operator, Vivatel for total price of -1,661 million.

Besides serving the vast majority of fixed telephone lines in the country, BTC is also the biggest Bulgarian ADSL Internet service provider with 100,000 customers.

Icelandic-led Novator acquired a 65% stake for an undisclosed sum. In 2007 the stake was sold for £855m (about 1.2 billion U.S. Dollars).

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Bulgaria's top fixed-line operator Vivacom is very close to a change in ownershi - Balkans.com Business News Tweet this news
Balkans.com Business News--Bulgaria's top fixed-line operatorVivacom is very close to a change in ownership following negotiations that have dragged on for nearly half a year, ... - Date : Thu, 14 Oct 2010 04:45:36 GMT+00:00
Vivacom ownership changes close to being finalised - TeleGeography Tweet this news
TeleGeography--Bulgarian daily newspaper Dnevnik reports that long-running discussions over a change of ownership at -Vivacom- (formerly Bulgarian Telecoms Company, ... - Date : Thu, 14 Oct 2010 10:10:05 GMT+00:00
Tennenbaum Said to Close on Vivacom Barring Upset by Richard Li - BusinessWeek Tweet this news
BusinessWeek---Vivacom- is majority-owned by PineBridge Investments LLC, Hong Kong businessman Li's investment-management firm. PineBridge may lose its stake by Oct. 29 ... - Date : Mon, 18 Oct 2010 17:19:18 GMT+00:00
PineBridge eyeing last-ditch Vivacom deal-sources - London South East Tweet this news
London South East--LONDON, Oct 26 (Reuters) - Hong Kong billionaire Richard Li could lose all but a token stake in his Bulgarian telecom firm -Vivacom- as Dubai's ... - Date : Tue, 26 Oct 2010 16:50:32 GMT+00:00
Oger to manage Vivacom? - TeleGeography Tweet this news
TeleGeography--A Bulgarian national daily newspaper is reporting that Dubai-based Oger Telecom is close to becoming a strategic investor in -Vivacom- (formerly known as ... - Date : Fri, 22 Oct 2010 11:11:29 GMT+00:00
Vivacom reports 9M results - TeleGeography Tweet this news
TeleGeography--Bulgarian daily newspaper Dnevnik reports that in the first nine months of 2010 -Vivacom- (formerly the Bulgarian Telephone company) has reported a 30% ... - Date : Mon, 01 Nov 2010 16:35:30 GMT+00:00
Globul posts 16 per cent drop in revenue - Sofia Echo Tweet this news
Sofia Echo--Last week, domestic rival -Vivacom- posted a 30 per cent increase in revenue from mobile services on an annual basis, while its total revenue decreased by ... - Date : Fri, 05 Nov 2010 08:24:17 GMT+00:00
Chinese Tycoon Willing to Invest in Bulgarian Telecom - Standart News Tweet this news
Standart News--Chinese billionaire Richard Li, who controls Bulgaria telecommunication company -Vivacom-, is ready to invest -Vivacom- in a bid to restructure its debt, ... - Date : Thu, 22 Jul 2010 21:05:21 GMT+00:00
Strategic player joins BTC debt restructuring talks - report - Sofia Echo Tweet this news
Sofia Echo---...- of so-called "second lien" lenders, owed 200 million euro, had been asked to exchange their debts for -Vivacom- shares, according to an earlier report. ... - Date : Tue, 20 Jul 2010 09:22:48 GMT+00:00
Bulgarian tower company sale approved - Broadband TV News Tweet this news
Broadband TV News--The sale of a 50% stake in NURTS by the incumbent telco -Vivacom- (formerly known as BTC) was first announced in April. NURTS plays a key role in Bulgaria's ... - Date : Wed, 16 Jun 2010 07:08:07 GMT+00:00



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