Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Bulgaria's Vivacom Achieves 43% Profit Growth
Date: 29/10/2010
Bulgaria's Vivacom Achieves 43% Profit Growth

The Bulgarian telecommunications company Vivacom increased its profits by 43% in the first three quarters of 2010, year-on-year, according to the company's report.

The consolidated profit has grown by 82% and reached BGN 106.7 M. The main reason for the Vivacom's improved profitability is the increased client base, leading to a greater financial income from mobile services, the Bulgarian company's representatives comment.

Within the mobile services the Bulgarian telecommunications company has increased its profit by 30% to a total of BGN 228.1 M as a result of the greater client base, which almost completely makes up for the decrease in fixed phone traffic.

Vivacom representatives also stated that their company is as exception among other mobile operators in Bulgaria, as they have a positive balance from the mobile number portability. Since the mobile portability option started in 2008, over 50 000 mobile phone clients have chosen to transfer their numbers to Vivacom.

Another reason for the growth Bulgarian communications company is the increased popularity of its converged services, including its digital TV service, which kicked off in fall 2010.

Vivacom is the successor of the state-owned Bulgarian Telecommunications Company BTC, which was privatized in 2004. In 2005, it launched Bulgaria's third mobile phones operator Vivatel. BTC and Vivatel were merged into Vivacom in 2009. Vivacom's market share of mobile services remains behind those of earlier launched competitors M-Tel and Globul.

Topic: Business

Featured District
Invest Bulgaria Charts
Net Domestic Assets of Bulgaria
Net Domestic Assets of Bulgaria

Imports of Goods and Services in Bulgaria
Imports of Goods and Services in Bulgaria

See all charts
Did You Know?
Bulgarian Yogurt
Bulgarian Yogurt
The Bulgarian yogurt is extremely popular in Japan ... More

The biggest city at the Bulgarian Black Sea coast, Varna is situated 470 km east of Sofia. In the course of more than 7 millennia, the Gulf of Varna has been the cradle of several significant civilizations - humankind's oldest gold was excavated in Varna, created by people who inhabited that place around the 4th millennium BC and long before the Thracians, Greeks, Bulgarians and Turks.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.

Bulgaria Translation Bulgarian Agriculture Bulgarian Textile Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.

Our Featured Members