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Intel Capital and MCI have
invested in Bulgarian WiMAX operator Nexcom
Other topics: Bulgarian WiMAX Operator,
WiMAX Chip Development,
WiMAX Network Bahrain
Intel Capital and MCI Management S.A.
September 12, 2007
Sofia, Bulgaria -- Intel Capital and MCI Management S.A. have announced
today an investment in Nexcom Bulgaria EAD, an alternative Bulgarian
telecommunications operator which is currently constructing a
nation-wide WiMAX network to deliver a bundled solution of voice and
wireless Internet services. |
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“Nexcom was the first
operator in Bulgaria to deliver WiMAX-based voice and Internet services”
said Chris Haller, co-founder and Chairman of Nexcom. “Over the next 12
months, Nexcom plans to continue rapid deployment of its national WiMAX
network, providing bundled voice and Internet services in 24 Bulgarian
cities and resort towns.” Added Emil Nikolov, co-founder and CEO of
Nexcom, ”Our existing national IP infrastructure, mature sales,
distribution network and interconnectivity with national and
international carriers all give us a significant advantage over other
would-be competitors. We believe that with this investment from Intel
Capital and MCI, we will solidify Nexcom’s position as the main WiMAX
operator in the Bulgarian market.”
Nexcom Bulgaria EAD has been a leading provider of alternative
telecommunications services in the Bulgarian market since 1998. In 2005,
Nexcom won a tender for a national WiMAX frequency and is in the process
of building out the first Bulgarian WiMAX-based wireless Internet and
voice network.
Nexcom earlier this year launched commercial WiMAX-based voice and
Internet services in Sofia, the rapidly expanding resort town of Bansko,
and in a number of resort towns along the coastline of the Black Sea. As
a result of Nexcom’s positive brand equity and the insufficient
development of the telecommunications infrastructure in many underserved
areas in Bulgaria, the company has already signed contracts with
numerous large corporate accounts interested in receiving Nexcom’s
services.
“Strong demand for wireless telecommunication services in the Bulgarian
market, excellent executive team of Nexcom, technological and marketing
support of Intel and MCI expertise in developing technology businesses
lay foundations for the future success of the company,” said Bogdan
Wiśniewski, Partner, MCI.
“We are pleased to initiate our investment activity in Bulgaria with
this investment in Nexcom, a project which we think will significantly
improve the availability and affordability of telecommunications
infrastructure to both consumers and businesses," said Marcin Hejka,
director of Intel Capital in Central and Eastern Europe, “This
investment is part of our global focus on supporting WiMAX development
and deployment, which should make broadband more accessible to
Bulgarians.”
About Nexcom Bulgaria
Founded in 1998, Nexcom Bulgaria is the leading alternative provider of
telecommunications services in Bulgaria. In January of this year, Nexcom
became the first company in Bulgaria to launch commercial WiMAX-based
services. Nexcom provides a bundled offering of voice and broadband
Internet services to corporate and residential customers throughout the
country. By the end of 2007, Nexcom’s WiMAX network will provide
coverage to more than 60% of the Bulgarian population. |
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