Nexcom Wins WiMAX License in Bulgaria

November 03, 2005

Nexcom Bulgaria confirmed today that it has won a 3.5GHz point-to-multipoint wireless broadband license in the just-completed WiMAX tender in Bulgaria. The award of this license gives Nexcom "last mile" access to the customer doorstep in Bulgaria, a key ingredient in building market share in what is already a $1.9 billion telecom market in Bulgaria.

The Bulgarian telecom market is one of the fastest growing in Europe and according to Pyramid Research is expected to increase by 10.5% annually over the next 5 years. The rapidly expanding telecom market is one of many recent positive economic developments in Bulgaria, which has been selected to join the European Union in 2007.

"Nexcom is uniquely positioned in Bulgaria to take advantage of the promise of WiMAX, which is to stimulate competition by giving alternative operators the ability to directly reach their customers without relying on the infrastructure of incumbent carriers" said Emil Nikolov, President of Nexcom.

Nexcom is currently the leading alternative provider of fixed telecom services in Bulgaria. With the introduction of WiMAX services, Nexcom will be able to leverage its existing national infrastructure and sales and distribution network to quickly roll-out the types of low-cost, high-quality voice and Internet services Bulgarian customers are clamoring for.