BGN 3 billion investments, 5.5 million services for unlimited freedom of communication

by times news cr

2024-09-14 12:26:36

We built the largest 5G network and the first 10 GIGA network

For 15 years, Vivacom has invested nearly BGN 3 billion in innovation, technology, human resources and the Bulgarian economy, the company announced during its special anniversary event. Thanks to these investments, the telecom has ensured unlimited freedom of communication for more than 2 million customers who use more than 5.5 million services based on the latest technologies.

“For 15 years, the name Vivacom has become a symbol of innovation, revolutionary solutions for consumers and the highest technological standards in telecommunications. We have become not only a driving force for the development of the entire sector in the country, but above all we have gained a key role in the daily lives of our customers who can connect, work, entertain and communicate freely. This success is due to our constant focus on innovation and customer care. We built the largest 5G network(1) and the first 10 GIGA network, launched the first unlimited plans and revolutionized the TV experience with EON. And we don’t stop here – we continue to walk the path to the digital world. Thank you to the entire team and all the customers and partners who motivate us to push the boundaries of what’s possible in consumer technology and deliver products that not only meet but exceed expectations.” commented Nikolay Andreev, CEO of Vivacom.

Vivacom is one of the few successful examples of complete transformation

from a state-owned monopolist into a leading modern telecom. The company achieves impressive success as a result of colossal investments in innovation and rapid development and cutting-edge technologies aimed at the ever-growing needs of consumers. Vivacom’s accelerated development of innovation and largest-scale investments are most visible in the last 5 years, since the company joined the large family of United Group – the leading telecommunications and media operator in Southeast Europe.

To build a 5G network with 85% coverage (2) of the population and with a planned expansion to 90% by the end of 2026, Vivacom has invested over BGN 1 billion in the mobile network alone. Looking ahead to the digital world, the company is already considering the possibility of implementing 6G in 2030 and is the first in Bulgaria and among the first in the world to test 5.5G with impressive results.

Vivacom’s optical network is the largest in the country

and according to Vivacom data, it covers 1.5 million addresses. EON – with upgraded functionalities rivaling those of the streaming giants and now with enhanced artificial intelligence, has changed the way users watch content on over 1,000,000 devices anywhere, anytime in the first half of 2024 alone.

As a result of the investments of over BGN 44 million for satellite communications

Vivacom is among the 10 fastest growing business satellite operators in the world.

Today, the company broadcasts over 700 TV channels on 4 continents and offers satellite Internet even to Antarctica.

During these 15 years, the telecom established itself as one of the leading partners of the local government, and with its intelligent solutions created opportunities for high-speed digitization and modernization of over 130 municipalities in Bulgaria.

Vivacom has contributed over €2 billion to the state budget in the form of taxes and fees, which is equivalent to, for example, the annual cost of educating all students in primary and secondary education for 2024.

Behind all these achievements are thousands of hours of effort by a dedicated team of over 5,000 employees, almost 40% of whom have been with the company for 15 years. Vivacom is the largest employer in the telecommunications sector and one of the four largest in the country.

The company has also proven to be an active corporate citizen, supporting public causes in the fields of education and the environment through numerous initiatives and donations. For 15 years, Vivacom has donated over BGN 6 million, supporting more than 300 causes and over 200 different organizations.

(1) The largest 5G network coverage after comparison according to publicly available information as of 05/21/2024 for the coverage of operators by number of settlements and resorts. More at vivacom.bg

(2) Calculation of the company based on the number of settlements and resorts covered by Vivacom’s 5G network and NSI’s population statistics. More at vivacom.bg and nsi.bg.

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