The Bulgarian alternative telco Networx is reported to have established a presence in neighbouring Romania. Basing itself in the city of Giurgiu, it will offer triple play services as in its home market. Networx was founded in 2000 and claims to be the largest provider in Northeast Bulgaria. It launched Networx-TV, an analogue TV solution employing FTTB technology, in September this year. It also introduced IPTV and web-TV services in the same month. According to the company, it invested over $2 million (€1.36 million) on its infrastructure in 2006.