The incumbent Bulgarian telco BTC has posted a consolidated net profit of BGN116,075,000 (€59,469,103) for 2007, down from BGN132.316,000 for the previous year. According to a local report, the difference was largely due to an increase of BGN9.31 million in financial expenses. BTC, which was acquired by AIG Investments for €1.66 billion last year, has unlike its counterparts in most other CEE countries yet to launch an IPTV service.
