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Nov 21, 2007 14:17 EEST
November 21 (SeeNews) - Bulgaria's youngest mobile phone operator, Vivatel, owned by telecoms group BTC, has doubled its customers within a year to some one million, company CEO said on Wednesday.
“We have around 12% market share, around a million subscribers,” Richard Shearer told SeeNews on the sidelines of the 10th CEI Summit Economic Forum taking place in Sofia. "That’s about a 100% growth year-on-year."
Shearer added Vivatel has not revised an earlier forecast that it would increase its market share to 13% at the end of this year versus 6.7% at end-2006.
Vivatel, which was launched in November 2005, competes with Mobiltel, a unit of Telekom Austria, which expects to have 5.0 million subscribers at the end of 2007 and Globul, a unit of Greek wireless phone operator Cosmote, which had 3.7 million customers at the end of September.
Bulgaria’s mobile telecoms market is likely to grow by some 5.0-10% in value terms next year, driven by the rise in subscriber numbers and the development of the 3G technology, which contributes to a growing usage of services not just a pure rise in penetration, Shearer said.
The country’s mobile telecommunication market grew by 19% to 1.8 billion levs ($1.4 billion/922 million euro) last year.
The 10th CEI Summit Economic Forum is jointly organised by Central European Initiative, a regional organisation for political, economic and cultural cooperation and Bulgaria Economic Forum, an organisation aiming to promote the business environment of southeast Europe to potential foreign investors.
(1 euro = 1.95583 Bulgarian levs)
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