Vivacom improves satellite internet offer

11 Dec 2012

Bulgarian former monopoly telco Vivacom has increased the download speeds and doubled the monthly bandwidth allowance for its satellite-based internet services. The peak download speed available via satellite has been upped to 18Mbps, while packages now offer up to 50GB of bandwidth each month. Prices for satellite internet connections start at BGN39 (USD25.75) per month, with coverage available across the whole of the country. The service is aimed at parts of the population without access to traditional wired broadband such as ADSL or high speed wireless alternatives.

Vivacom, previously known as Bulgarian Telecommunications Company (BTC), was recently taken over by domestic financial institution Corporate Commercial Bank (CCBank) and Russia’s VTB Capital (part of VTB Bank). Under the deal, CCBank and VTB have taken a 73% stake in return for paying EUR130 million (USD168 million) in cash to the senior lenders, which agreed to write down their debt claims by around EUR1 billion in return for a 21% stake, leaving Vivacom with EUR588 million in restated debt. The 6% remainder remains in free float on the Bulgarian stock exchange.

Bulgaria,Vivacom (BTC),

Subscribe



Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share