Bulgarian start-up 4G Com up for grabs

24 Mar 2014

Bulgarian start-up 4G Com (4DZI Kom) is reportedly up for grabs for around BGN35 million-BGN36 million (USD24.7 million-USD25.4 million), local newspaper Capital reports. However, according to the article, the investment presentation prepared by 4G Com has yet to generate any concrete interest from potential bidders; Richard Shearer, former director of domestic incumbent Bulgarian Telecommunications Company (BTC, now Vivacom), and current CEO of Azerbaijani mobile operator Bakcell, was named as a likely candidate.

As previously reported by TeleGeography’s CommsUpdate, in December 2011 4G Com won a wireless concession in the 1800MHz band for BGN30.4 million. The licence is technology neutral, allows nationwide coverage and has duration of ten years. The start-up was initially expected to utilise the spectrum for mobile broadband services based on Long Term Evolution (LTE) technology, although since then no developments on the deployment of a network have been reported. In February 2012 it was suggested in local press that the National Revenue Agency had been called in to collect defaulted licence fee payments from 4G Com, although there was no indication that it was in danger of losing its concession at that time. The company is understood to be wholly owned by Ultra Com BG.

Bulgaria, 4G Com (4Dzhi Kom)