The telecom market in Bulgaria continues to shrink and was worth less than BGN3 billion (€1.526 billion) in 2011, according to the latest annual report published by the Commission for Communications Regulation, quoted by Trud.
The exact figure of BGN2.944 billion was BGN196 million, or 6%, lower than in 2010 and almost BGN400 million down on two years earlier.
Worryingly, the cable and satellite sectors saw their combined revenues fall by 24.6% in 2011, compared to 11% in the case of telephony, while those for internet services remained unchanged.
The only growth – an impressive 2.5 times increase – was in revenues for bundled telco services. The telco sector currently accounts for 3.9% of Bulgaria’s GDP.