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Vestitel Bg AD (Bulgaria)

Main Activities: Wired Telecommunications Carriers
Full name: Vestitel Bg AD Profile Updated: September 08, 2023
Buy our report for this company USD 29.95 Most recent financial data: 2021 Available in: English Download a sample report

Bulgarian alternative telecoms operator Vestitel BG was established in 2003 by local gas retailer Overgas. The company provides telecommunications services through its own optical network, as well as via partners' optical network. Vestitel offers Internet, fixed voice and data services.
In August 2004, the operator won a 20-year licence for fixed-line telecom and carrier operations issued by the local telecoms watchdog. In May 2005, Vestitel BG won a license to extend a fibre-optic telecommunications line into neighbouring Greece as part of a EUR 8.0 million project to link its domestic network with global telecoms operators. In November 2006, Vestitel started operating a fibre-optic telecommunications line that links Bulgarian capital Sofia and the Greek port of Thessaloniki.

Headquarters
ul. Filip Kutev 1
Sofia; Sofia - city; Postal Code: 1407

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Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
August 14, 2003
Key Executives
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Executive Director and Member of the Board of Directors
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Member of the Board of Directors
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Member of the Board of Directors
Ownership Details
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98%
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2%
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Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BGN. Absolute financial data is included in the purchased report.
Net sales revenue
-1%
Total operating revenue
41.95%
Operating profit (EBIT)
1.33%
EBITDA
-1.31%
Net Profit (Loss) for the Period
64.58%
Total assets
-2.69%
Total equity
37.97%
Operating Profit Margin (ROS)
0.49%
Net Profit Margin
4.76%
Return on Equity (ROE)
4.4%
Debt to Equity Ratio
-217.85%
Quick Ratio
0.17%
Cash Ratio
0.03%

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