Vivacom looks to the future -
Published: 10.08 Europe/London, June 24, 2011
The Bulgarian incumbent telco Vivacom (BTC) plans to invest some BGN600 million (€306.7 million ) on its infrastructure over the next three years, according to Bernard Moscheni, the company’s executive head.
Quoted in Sofia Echo, he added that the actual size of the investment would depend on Vivacom’s performance between now and 2014.
A significant part of the investment will be channelled towards the development of Vivacom’s fibre-optic network, which should reach 1 million homes by 2014.
The company aims by then to be offering its subscribers quad play services.
Viavacom is owned by Viva Ventures, a subsidiary of the London-based private equity fund Advent International.
Its interests include Vivacom TV, a DTH platform it has operated since last summer. Mobiltel is developing into one of its biggest competitors in the fixed line segment.