The Bulgarian cable operator Eurocom Cable has announced that it plans to invest BGN8 million (€4.11 million) on the launch of digital TV services this July and VoIP later in the year. Earlier this week, the company, which is backed by the Warburg Pincus-owned Hungarian MSO FiberNet, secured the right to buy the cable operators Eurocom Plovdiv, Centrum Group BG and Centrum Group Cable. Eurocom Cable was formed by the merger of seven cable operators in August 2001 and focuses its activities mostly on Sofia, where it provides subscribers with over 70 TV channels and broadband Internet access. Outside the capital, its offer includes over 50 TV channels. As of December 2006, Eurocom Cable had over 200,000 subscribers. The company has in previous years received funding from Southeast Europe Equity Fund (SEEF), managed by Soros Private Funds Management, and E-Commerce Development & Information Technology.
About Chris Dziadul
Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com