Vivacom reports 1Q results

9 May 2011

Vivacom (formerly Bulgarian Telecommunications Company, BTC) has reported that first-quarter net profits fell 70% year-on-year to BGN10.38 million (USD7.66 million). Revenue for the three months ended 31 March declined 19% to BGN214.38 million, despite a 17% hike in revenue from mobile services.

Bulgaria, Vivacom (BTC)