Alcatel-Lucent and Vivacom (formerly known as the Bulgarian Telephone Company) have announced a five-year partnership focusing on the end-to-end strategic transformation of the telco’s fixed and mobile network. As part of the deal Vivacom will outsource all network operations to Alca-Lu from 1 March 2010: about 3,000 Vivacom employees will join the equipment vendor under their existing terms and conditions of service.
‘Our decision to enter a strategic partnership with Alcatel-Lucent is designed to guarantee our fixed and mobile subscribers a network of a constantly increasing quality over the long term,’ said Bernard Moscheni, CEO of Vivacom. ‘Alcatel-Lucent is perfectly equipped to meet our network operations requirements with greater speed, flexibility and cost synergies than we could alone. And with this step, we’re once again playing a pioneering role on the Bulgarian market.’
According to TeleGeography’s GlobalComms database in May 2007 US insurance group AIG – via its specially created NEF Telecom Bulgaria division – acquired a 65% stake in BTC with an offer of EUR1.08 billion, valuing the whole company at EUR1.66 billion. AIG said it would seek to acquire a further 25% of the company as part of the agreement, and in August 2007 confirmed it had increased its stake to 90%, paving the way for it to make a general offer to the minority shareholders. In June last year the Bulgarian government sold its golden share in BTC, which gaves it the ability to block decisions at board level, for a nominal BGN1 (USD0.65).