Bulgaria

BTC EAD (БТК ЕАД)

An EMIS Company Report EMIS is a Euromoney Institutional Investor plc company USD 29.95 Industry: Wired Telecommunications Carriers Available in: English & Bulgarian Format: PDF Download Most recent financial data: 2016 Buy full report

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This report extracts all available information about Bulgarian Telecommunications Company EAD from EMIS' database of company information. The Table of Contents on the right indicates the categories of information that will be included in your report upon purchase.

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Contact Information

Headquarters
115I Tsarigradsko Shose Blvd.
Sofia; Sofia - city; Map
Postal Code: 1784

Tel: +359-2-949-, +359-0700-17-
Fax: +359-2-949-

Email:
@vivacom.bg

Website:
http://www.vivacom.bg

Company Description
Bulgarian Telecommunications Company AD (BTC) is the country's former state telecoms monopoly. The company offers a wide range of telecommunications services - mobile and fixed voice services, fiber optic Internet, digital interactive TV, data transfer. Bulgarian Telecommunications Company has more than 4 million customers and operates a network of over 230 shops throughout the country.
In June 2004, Bulgarian authorities sold 65% in BTC to a group of investors led by U.S. private equity fund Advent for EUR 280 million. As part of the sell-off deal, BTC was granted a mobile phone licence and Advent has started developing a third GSM network in the country, which was launched in November 2005. The remaining 35% stake in BTC was listed on the Bulgarian stock exchange at the end of January 2005. BTC bought in February 2005 the 49% stake in local analogue mobile operator Mobikom held by Cable & Wireless for EUR 10.5 million. A week later, BTC gained full control of Mobikom after acquiring the 12% held by the state. In April 2005, BTC was granted a licence to operate a third-generation network for the price of BGN 42 million. In December 2005, Icelandic tycoon Thor Bjorgolfsson bought an option for 65% in BTC from Advent International. Landsbanki Luxemburg, controlled by Bjorgolfsson, expanded its ownership in the telecom to 13.38% from 8.39% after operations on the local stock exchange in March 2007. In April 2007, AIG Global Investment Group (AIGGIG), through its company AIG Capital Partners, Inc., agreed to buy Bjorgolfsson’s 65% stake in BTC for EUR 1.08 billion. In August AIG completed the acquisition of a 90% in BTC for EUR 1.4 billion via two transactions on the local stock exchange. In late October 2007, AIGGIG launched a buyout bid for BTC through its unit Nef Telecom Bulgaria. The company offered to pay BGN 11.30 (EUR 5.76) for each of the 28.66 million shares in BTC it does not own yet. A month later, AIGGIG acquired less than half of the BTC's outstanding shares it was targeting.
In September 2009, BTC and mobile operator Vivatel merged in a new structure under the Vivacom brand. The new company offers fixed-line and mobile services as well as internet access. In 2013, Viva Telecom Bulgaria, owned by local Bromak and VTB bank, became the sole owner of the company and it was delisted from the local stock exchange.
NAICS Industry Classification
Main Activities: Wired Telecommunications Carriers | Wireless Telecommunications Carriers (except Satellite)
Basic Information
Total Employees:
1,597 (2017)
Outstanding Shares:
: ()
Registered Capital:
()
Financial Auditors:
()
Incorporation Date:
December 24, 1992
Profile Updated:
December 11, 2017
Key Executives
Executive Director and Member of the Management Board
Member of the Management Board
Member of the Management Board
Member of the Management Board
Member of the Management Board
More
Ownership Details
Viva Telecom Bulgaria EAD
100%
Key Financial Highlights
2016 Y
Net sales revenue
Total operating revenue
Operating profit (EBIT)
EBITDA
Net Profit (Loss) for the Period
Total assets 1,294,874
Total equity
Operating Profit (EBIT) Margin
Return on Sales (ROS)
Return on Equity (ROE)
Debt to Equity
Quick Ratio
Cash Ratio
Note: units in Thousands. Statement: Audited, Individual
Source: Daxy Bulgaria Ltd, EMIS Company Database.
Financial Performance Charts
Top Competitors

Financial Statements

Annual Statements

EMIS Credit Analytics

EMIS Benchmark Score
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