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Bulgarian Telecommunications Company EAD

Summary

Company ID (NIN)

831642181

Company owner / manager

  • Viva Telecom Bulgaria EAD

Country

Bulgaria

Capital

288,765,000

Total assets

1,528,065,000

Net profit for the period

108,027,000

Report year

2018

Currency

BGN

Industry

Telecommunications

Southeastern Europe Company Index (SEECI)

What is SEECI?

General information

About Bulgarian Telecommunications Company EAD

Bulgarian Telecommunications Company EAD is a Bulgarian telecommunication services provider, based in Sofia.

The company holds the following certificates:

  • ISO 9001:2015 Quality management systems certificate, valid until Aug 27, 2020;
  • ISO 14001:2015 Environmental management systems certificate, valid until Aug 23, 2020;
  • OHSAS 18001:2007 Occupational health and safety management systems certificate;
  • ISO/IEC 27001:2013 Information security management system certificate, valid until Mar 10, 2021;
  • ISO/IEC 20000-1:2011 IT service management‎ certificate, valid until Sept 29, 2021.


Last updated on Nov 21, 2019.

Meta info
Status
Active
Legal form
Joint Stock Company
Incorporation date
Dec. 24, 1992
NIN
831642181
Tickers
Stock Exchange
ISIN
Profile last updated
Nov. 21, 2019, 6:02 p.m.
Alternative names

    Balgarska Telekomunikatsionna Kompania EAD
    BTC EAD
    BTC JSC
    Vivacom EAD

History

    Dec 24, 1992 - Balgarski Poshti i Dalekosaobshtenia OOD, a state-owned provider of postal and telephony services, splits into two companies – Balgarska Telekomunikatsionna Kompania EAD (Bulgarian Telecommunications Company EAD) and Balgarski Poshti EOOD (Bulgarian Posts). Bulgarian Telecommunications Company EAD (BTC EAD) is registered as a state-owned company with a subscribed capital of BGL 7,292,785,000, assuming part of the assets and liabilities of its predecessor.

    1993 – BTC EAD and telecommunications services provider Sprint Bulgaria OOD establish Sofia-based Sprint Business Telecommunications Company OOD, engaged in voice and data transfer through Internet Protocol (IP) network. In mid-2001 BTC EAD acquires full ownership and renames it to BTC-Net EOOD.

    Nov 14, 1995 – BTC EAD and Greek IT services provider Intracom S.A. establish Bulfon AD, involved in prepaid telephony. In May 2005, BTC AD fully acquires it.

    Feb 20, 2004 - The Bulgarian Privatisation Agency sells a 65% stake in BTC EAD to Austrian Viva Ventures Holding GmbH, a subsidiary of the USA-based private equity company Advent International Corporation for EUR 275.356 mln. The Bulgarian Ministry of Transport holds the remaining 35%. Later, the company lists on the Bulgarian Stock Exchange.

    Oct 27, 2004 – BTC AD establishes security services provider BTC Security EOOD, based in Sofia, Bulgaria.

    Jan 27, 2005 – The company carries out an Initial Public Offering (IPO) and lists 34.78% of its capital on the Unofficial Market of the Bulgarian Stock Exchange. Bulgaria's Ministry of Transport keeps one Golden Share to maintain control over the company.

    June 2005 – The company carries out a 35:1 stock split.

    Nov 25, 2005 – BTC AD establishes Sofia-based BTC Mobile EOOD, engaged in mobile telecommunications services.

    Nov 30, 2005 – BTC's majority shareholder Viva Ventures Holding GmbH, Advent Central and Eastern Europe ІІ Ltd, a USA-based subsidiary of Advent International Corporation and Novator Telecom Bulgaria Ltd, British Virgin Islands, sign an option contract. Under the contract, Novator Telecom Bulgaria Ltd is to acquire 100% of Viva Ventures Holding GmbH and to become the majority shareholder in BTC AD after July 1, 2008.

    May 3, 2007 - Novator Telecom Bulgaria Ltd and Viva Ventures Holding GmbH sign a contract with AIG Global Investment Group, an USA-based asset management company under which  AIG Global Investment Group acquires 65% stake of Viva Ventures Holding GmbH in BTC AD.

    Aug 21, 2007 – Bulgarian telecommunications company NEF Telecom Bulgaria Ltd, controlled by the USA-based AIG Global Investment Group, acquires the 65% stake in BTC AD from Novator Telecom Bulgaria Ltd.

    August 2007 – NEF Telecom Bulgaria OOD buys another 25% stake in BTC AD.

    November 2007 - NEF Telecom Bulgaria OOD acquires further 3.9% in BTC AD and raises its stake in the company to 93.97%.

    June 18, 2008 –  BTC Mobile EOOD (Bulgaria) merges into BTC AD.

    Apr 23, 2009 – Kimimpeks Trade and Leasing OOD, Bulgaria, merges into the company.

    September 2009 - BTC AD and Viva Telecom Bulgaria EAD form a new brand - VIVACOM.

    Aug 12, 2010 -  BTC AD sells 50% in the National Unit Radio and TV Stations (NURTS) company to Cyprus-based Mancelord Limited for EUR 57 mln. Under the agreement, BTC AD transfers NURTS into the special purpose vehicle, known as NURTS Bulgaria and owned by Mancelord.

    September 2010 - VIVACOM starts providing television service branded VIVACOM TV.

    Nov 9, 2012 - Viva Telecom Bulgaria EAD acquires 93.99% in BTC AD.

    Jan 16, 2013 - Viva Telecom Bulgaria EAD increases its share in the company to 99.72%.

    Oct 23, 2013 - BTC AD becomes wholly owned by Viva Telecom Bulgaria EAD and renames to Bulgarian Telecommunications Company EAD (BTC EAD).

    Nov 5, 2013 - BTC EAD delists from the Bulgarian Stock Exchange (Stock Symbol: 5BT, ISIN: BG1100005997).

    July 1, 2015 - The company acquires a 100% share of local company NURTS AD, worth a total of BGN 151.5 mln for an undisclosed sum.

    July 31, 2017 - BTC EAD acquires a 100% share in Net Is Sat EOOD from a local company WM Finance Group.

    Apr 17, 2019 - The company and the local Bulgarian American Credit Bank AD sets up local payment services software developer Paytech OOD with 50% shareholding each.

    October 2019 - BTC EAD sells its 50% share in Paytech OOD to Bulgarian American Credit Bank AD.

    November 2019 - Amsterdam-based United Group B.V. announces its plans to acquires BTC EAD.
     

    Last updated on Nov 21, 2019.

Management

Board of Directors and Executives
Atanas Iliev Dobrev
Chairman of the Board and CEO
Dimitrios Lioupis
Member of the Board
Asen Marinov Velikov
Member of the Board
Radoslav Vladimirov Zlatkov
Member of the Board
Supervisory Board
Spas Dimitrov Rusev
Chairman of the Board
Franz Hoerhager
Member of the Board
Bojan Ivanovic
Deputy-Chairman of the Board
Zeno Meier
Member of the Board
Bruno Ducharme
Member of the Board

Contacts

Address
115I, Tsarigradsko Shose Blvd.
1784
Sofia, Bulgaria
Telephones

+359 2 949 49 49
+359 2 949 43 31

Fax

+359 2 951 50 60

Emails

hq@btc.bg
ir@vivacom.bg

Websites
www.vivacom.bg

Ownership

Name Direct holding Indirect holding Owner type Country
Viva Telecom Bulgaria EAD 100.0 Company Bulgaria

Subsidiaries and affiliates

Name Direct holding Indirect holding Country
BTC Net EOOD 100.0 Bulgaria
NURTS Digital EAD 100.0 Bulgaria
NURTS Bulgaria EAD 100.0 Bulgaria
Net Is Sat EOOD 100.0 Bulgaria

Products and services

Bulgarian Telecommunications Company EAD provides voice and data communications services both to corporate clients and individuals, including:

  • fixed-line telephony services
  • mobile communications services
  • internet services
  • professional internet and data services
  • radio and television data transfer
  • leased lines
  • VoIP
  • public payphones
  • digital TV.

In March 2012, the company launched its own TV channel.

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