Intel Capital and MCI invest in Nexcom

13 Sep 2007

Intel Capital and MCI Management have announced that they have become investors in Nexcom Bulgaria, the alternative Bulgarian telecoms operator which is currently constructing a nationwide WiMAX network. ‘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 twelve 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’.

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. Earlier this year it 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. By the end of 2007, Nexcom’s WiMAX network will provide coverage to more than 60% of the Bulgarian population.

Bulgaria, Nexcom Bulgaria