Posts filed under ‘Bulgaria’
Bulgarian telecoms group BTC has posted a net profit of BGN41.7 million (USD27.4 million) for the twelve months ended 31 December 2008, down 64% year-on-year. The company’s sales amounted to BGN1 billion, on a par with the 2007 figure. The company’s costs stood at BGN957.2 million versus BGN916.6 million in 2007.
The European Commission has given a final warning to Bulgaria for violating three European Union (EU) directives in the electricity, energy services and wireless communications sector. The Commission called on the country’s telecoms regulator, the Communications Regulation Commission (CRC), to take action to further reduce mobile termination rates (MTR), noting that they are the highest in the EU at EUR0.1509 (USD0.197) per minute versus an average of EUR0.087. ‘CRC’s approach is a positive first step towards more price competition in the Bulgarian mobile phone market,’ said EU Competition Commissioner Neelie Kroes.
Intracom Telecom says that it has signed a BGN 30 million (US$19.8 million) contract with the Bulgarian Telecommunication Company (BTC), for the turn-key construction of telecommunication infrastructure works of its GSM network.Within the framework of the contract, Intracom Bulgaria has undertaken the provision of services and the supply of materials related to the built-out of BTC’s GSM network. The project is expected to be completed within two years.
Mr. Manos, Managing Director of Intracom Telecom, said: We are excited to further expand our cooperation with BTC, one of the most dynamic players in the Bulgarian market. We look forward to contribute through the accumulated experience and high quality of Intracom Bulgaria’s technical services to the rapid rollout and support of BTC”s GSM network.
Intracom Telecom’s Bulgarian unit has announced the signing of a BGN30 million (USD20 million) contract with Bulgarian Telecommunication Company (BTC), for the turnkey construction of GSM network infrastructure. Intracom Bulgaria is expected to complete the expansion project within two years. The technology vendor said in a statement: ‘We are excited to expand our cooperation with BTC, one of the most dynamic players in the Bulgarian market. We look forward to contribute through the accumulated experience and high quality of Intracom Bulgaria’s technical services to the rapid rollout and support of BTC’s GSM network.’ BTC’s mobile division launched its GSM services in November 2005 under the VivaTel brand.