Vivacom to invest EUR600 million in network upgrade

23 Jun 2011

Bulgarian telco Vivacom has announced plans to invest EUR600 million (USD863 million) in upgrading its network infrastructure. The money will be used to expand the fibre-optic network, with plans to reach a million more customers by 2014. By the end of 2011, 90,000 households will have access to fibre-optic internet, and the capital Sofia is expected to have full coverage by the end of 2012. The new service, dubbed Vivacom FibreNet, will be fibre-to-the-building (FTTB) with potential speeds of up to 1Gbps.

Vivacom will offer an initial deal in Sofia of 100Mbps speed for BGN5 (USD3.7) per month. Outside of the capital, it will offer packages with speeds varying from 20Mbps to 100Mbps for between BGN20 and BGN50. All deals will include free installation, unlimited data usage, and 24-hour technical support. Vivacom also intends to use the expansion to offer combined internet, TV, fixed and mobile services to customers at a discount.

A spokesperson for the company claimed that Vivacom also intends to acquire smaller ISPs in order to strengthen its position.

Bulgaria, Vivacom (BTC)