According to local reports, the private equity fund CEE Growth Luxembourg Sicar has invested around Leva3 million (€1.54 million) in the Bulgarian ISP bol.bg. As a result, it now controls 70% of Kit OOD, the company that owns the bol.bg trademark. Bol.bg was founded in 1993 by two individuals (Veni Markovski and Mitko Ganchev) and is one of the leading ISPs in Bulgaria. Serving around half of Sofia, where it offers Internet access speeds of up to 1,000Mbs, it plans to cover the whole city by 2009 and then establish a national presence. It signed a deal with Premium Digital, a provider of PPV and VOD, late last year and is understood to be the only company in Bulgaria offering digital TV and VOD as part of a triple play package. CEE Growth Luxembourg Sicar has reportedly allocated €40 million for investment in South Eastern Europe. (CD)
Leave a Reply