Vivacom – wow. com

Vivacom (Bulgarian: Виваком) is the brand name of the Bulgarian Telecommunications Company EAD (BTC), the largest telecommunications company in Bulgaria and a former state-owned monopoly. Bulgarian food europe It was founded as a joint stock company in 1992 as part of the split of Bulgaria’s post and telecommunication services into separate companies. Bulgarian food dishes Currently, Vivacom is leading the market in providing various telecommunication services, including fixed-line, mobile, Internet, radio and TV broadcasting, and data transmission services. Bulgarian food co uk The company is headquartered in Sofia, Bulgaria, employs around 6,000 people (5905 in 2016 [2]), and owns a mature distribution network with over 240 retail outlets.


Bulgarian food chicago Vivacom’s customer base includes both business and residential subscribers. Bulgarian food bank It serves 1.4 million fixed phones and provides broadband Internet access to 1 000,000 households and free Internet access at more than 4,000 public locations in Bulgaria. Bulgarian food and drink prices Vivacom’s 3G network coverage expands to 99.99% of the population and 99.65% of the territory of Bulgaria. Bulgarian food and drink [3]

The Bulgarian Telecommunications Company was established in 1992 as part of the separation of the state-owned enterprise Bulgarian Posts and Telecommunications into different companies. Bulgarian food [4]

In June 2004, the Bulgarian government sold 65 percent of BTC’s capital to Viva Ventures Holding, a subsidiary of the US private equity fund Advent International, for €280 million. Bulgarian elections 2016 In January 2005, the Bulgarian state made a public offering of the remaining shares and offered 34.78 percent of the company’s capital (2,869,573 shares) on the Bulgarian Stock Exchange – Sofia. Bulgarian elections 2014 In May 2005, the BTC was granted a license for the development of third-generation mobile telecommunication systems under the UMTS standard, class B (2×5+5 MHz). Bulgarian elections 2009 The permit is valid for a period of 20 years and the license fee is BGN 42 million.

In November 2005, the company launched its mobile services under the ‘Vivatel’ brand, Bulgaria’s third mobile operator. Bulgarian elections It later became the fastest growing mobile operator in the country. Bulgarian easter food [5] In August 2007, the company was sold again. Bulgarian cuisine the best traditional recipes AIG Investments, through its subsidiary AIG Capital Partners Inc., acquired a majority stake in BTC for a total price of €1,080 million (BGN 2,112 million). Bulgarian christmas food [6] In January 2009, the BTC announced a merger with its subsidiary BTC Mobile (Vivatel). Bulgarian association of food and drink industry The aim of the consolidation was to improve management efficiency, optimize costs, secure sustainable growth, and introduce a single brand.

In September 2009, BTC and Vivatel united under a new brand – VIVACOM.

In late 2012, VTB Capital, the investment arm of Russia’s second-largest bank, has led a consortium (Viva Telecom Bulgaria EAD) to buy a controlling stake in BTC. Bulgaria women’s national football team The consortium included a local partner, Mr. Bulgaria prices for food and drink 2012 Tzvetan Vassilev. Bulgaria national football team results In November 2012, Viva Telecom Bulgaria EAD acquired a 93.99 percent stake in the Bulgarian Telecommunications Company. Bulgaria national football team The transaction became a fact as a result of the approval of a comprehensive scheme for the sale and restructuring of the company. Bulgaria food and drink prices 2015 The deal received approval from the European Commission and other regulatory authorities. Bulgaria food and drink prices 2014 [7] Local experts state that the purchase of VIVACOM was among the most complicated deals in Bulgaria. Bulgaria food and drink prices [8]

In 2013, Vivacom shareholders, including Tzvetan Vassilev, were issued a EUR150mn credit. Bulgaria food and drink Vassilev failed to make timely payments on the loan, due to the problems with Corporate Commercial Bank, where he was a majority shareholder. Best bulgarian restaurants in sofia Soon after, Vassilev fled the country. Best bulgarian restaurant sofia Since Vassilev could not meet his financial obligations, the loan’s collateral, 100% shares of Vivacom’s holding company, was sold at an open competitive auction. Best bulgarian restaurant in london The auction was conducted by Ernst&Young with the participation of major international bidders, including US companies. Best bulgarian food After 20 rounds of bidding, a consortium of financial investors led by Spas Roussev was declared the winner and new owner of Vivacom. What is bulgarian food like [9] The consortium included VTB Capital and Delta company with its owner Milen Velchev, CEO of VTB Capital AD (the bank’s Bulgarian subsidiary). What is bulgarian food [12] According to people close to the deal, VTB was the seller and the buyer of the auction at the same time and provided Mr. Typical bulgarian food Roussev required amount. Traditional bulgarian restaurant sofia [10]

Based on the last financial report, “Consolidated and separate activities report for the six months ended June 30, 2016”, [11] published on official Vivacom site, the Ultimate parent company of Bulgarian Telecommunications Company (“BTC”) is V Telecom Investment S.C.A. Traditional bulgarian food recipes There are two shareholders which own more than 20% of the V Telecom share capital: LIC Telecommunications S.a.r.l. Traditional bulgarian food (Indirectly owned by Empreno Ventures Limited with its beneficial owner Mr. Traditional bulgarian easter food Dmitry Kosarev) with 43,3% of the V Telecom share capital and Crusher Investment Limited, with 33.3%. Sunny beach bulgaria restaurant prices Inspite of the fact that VTB announced the sale of the Vivacom to Mr. Sunny beach bulgaria food prices Roussev in November 2015, the transaction hasn’t closed yet and Mr. Sarmi bulgarian food Dmitry Kosarev remains the largest shareholder of the company.

In June 2016, over 87% of bondholders for BTC’s EUR400mn Eurobond issue granted their consent for change of control over the company, as disclosed on the Irish Stock Exchange, further supporting the auction’s legitimacy. Sach bulgarian food The acquisition also received merger control clearance from the Bulgarian Commission for Protection of Competition and the European Commission. Popular bulgarian food [12] According to Mr. Mehanata bulgarian restaurant des plaines Kosarev interview the European Commission has not approved the deal yet. Kapama bulgarian food The Bulgarian Commission for the Protection of Competition has given the authorization on the basis of incorrect data about the consortium’s structure and role of the VTB in it provided by the buyer. Forte bulgarian restaurant las vegas This resolution was challenged in the Bulgarian court by Empreno. Food and drink prices in sunny beach bulgaria [13]

Empreno has filed a lawsuit against VTB Capital in the High Court of London, the litigation is still pending. Famous bulgarian footballers [14]

In August 2016, Empreno sent an appeal to the VTB Supervisory board members to warn them about VTB management’s plan to allocate a €240-million fraudulent loan to the consortium of buyers for the purchase of InterV company (indirect holding company of the BTC). Famous bulgarian food [15] [16] During the bond holders consent obtaining process, VTB has not provided a number of important information, misleading them. Buy bulgarian food online As a result the US Trustee bank, which is representing bond holders interests, refused to sign any consent documents. Bulgarian traditional food As a consequence of long negotiations, bond holders agreed to provide consent in case of implementation a number of important conditions, such as: ceasing of all litigation and legal confirmation of Mr. Bulgarian street food Roussev and Mr. Bulgarian restaurants in usa Velchev capital origin. Bulgarian restaurant shanghai Legally there is no consent, because neither one nor the other requirement can not be done. Bulgarian restaurant penang Thus, if VTB sells pledged as collateral shares, it provides bond holders an opportunity for bonds early redemption, which inevitably would lead to the company bankruptcy.

On August 30, 2016 the shareholder announced the deal closure on the company acquisition by Viva Telecom, a consortium headed by Spas Roussev. Bulgarian restaurant nyc [17]

Upon the announcement of the completion of the acquisition on 30 August 2016, Spas Rusev, VTB and the minority shareholders and their SPV “Viva Telecom Luxembourg” has been deprived from being registered as managers of Viva telecom Bulgaria, which is the mother – company of BTC (Vivacom) by means of various decisions by the Bulgarian courts, confirmed by the Supreme court as initiated by Empreno Ventures. Bulgarian restaurant new york [18]

The attempt of Viva Telecom Luxembourg to get its appointments at the Supervisory level of BTC (Vivacom) in September 2016 was also blocked by the Bulgarian courts.

In November 2016 Sofia city court also blocked the attempt of Viva Telecom Luxembourg to pledge the shares of Viva Telecom Bulgaria in favour of VTB. Bulgarian restaurant los angeles ca [19]

2017 started by several attempts of Spas Rusev and Viva Telecom Luxembourg to register new managers of Viva Telecom Bulgaria, all of which have been blocked by the Bulgarian courts and the Bulgarian Commercial registe. Bulgarian restaurant los angeles [20]

Following these developments the managers of Viva Telecom Luxembourg requested the support of the Bulgarian authorities as they were unable to take control over Viva telecom Bulgaria and BTC (Vivacom), which has been interpreted by the media as an attempt to take over the companies “by means of sending letters”. Bulgarian restaurant london [21]

On 27 February 2017 Rusev tried again to register a new Supervisory board of BTC and failed yet again. Bulgarian restaurant las vegas nv [22]

In February 2017 the Bulgarian media revealed a plan by Spas Rusev and Milen Veltchev to cash out 43 million EUR from BTC (Vivacom) by pushing BTC to acquire 16% of its mother company Viva Telecom Bulgaria, which has been reported as “first “tax” charged by the new shareholders”. Bulgarian restaurant las vegas [23]

As of 7 March Spas Rusev was unable to gain control over Viva Telecom Bulgaria and BTC (Vivacom), which resulted into him trying to donate his shares in Levski football club. Bulgarian restaurant in new york Services

• Vladimir Penkov Penkov – Chairman of the Supervisory Board [24]

• Michael Ernest Tennenbaum – Мember of the Supervisory Board

• Svetoslav Zhorov Dimitrov – Мember of the Supervisory Board

• Atanas Dobrev – Member of the Managing Board, Chief Executive Officer [25]

• Rusin Yordanov – Member of the Managing Board, Chief Legal Officer

• Alexander Grancharov – Member of the Managing Board, Chief Marketing Officer

• Asen Velikov – Member of the Managing Board, Chief Financial Officer

• ^ https://vivacom.bg/Content/files/ir/reports/report_56_en.pdf

• ^ Studio X Creative. Bulgarian restaurant in los angeles “Домашен & мобилен телефон, високоскоростен интернет от VIVACOM” (PDF).

• ^ Studio X Creative. Bulgarian restaurant in des plaines “Домашен & мобилен телефон, високоскоростен интернет от VIVACOM” (PDF).

• ^ Bulgaria’s Vivacom gets court approval for restructuring Reuters

• ^ “Probably the Most Complicated Deal in Bulgaria Ever” Boyanov & Co.

• ^ “ВТБ продал болгарского оператора связи Vivacom за €330 млн”. Bulgarian restaurant in atlanta www.forbes.ru . Bulgarian restaurant des plaines il Retrieved 2016-07-08.

• ^ “Марк Шнайдер: Още се интересувам от покупката на БТК”. Bulgarian restaurant des plaines 2016-02-12 – via Капитал.

• ^ “VIVACOM: CONSOLIDATED AND SEPARATE ACTIVITIES REPORT for the 6 MONTHS ENDED JUNE 30, 2016” (PDF).

• ^ “Dmitry Kosarev: Yuri Soloviev is the mastermind of the attack on Vivacom”. Bulgarian restaurant chicago Empreno Ventures Limited. Bulgarian restaurant boston 2016-06-30.

• ^ “Дмитрий Косарев: Дирижер атаки на Vivacom – Юрий Соловьев”. Bulgarian restaurant atlanta Pravda.ru. Bulgarian restaurant 2016-06-30.

• ^ “Знает ли Улюкаев о сомнительном кредите ВТБ?”. Bulgarian presidential elections 2016 2016-08-04 – via Век.

• ^ “СМИ: ВТБ собирается выделить очень рискованный кредит”. Bulgarian national food Polit.ru. Bulgarian made cars 2016-08-04 – via Полит.ру.

• ^ “Club Z”. Bulgarian guns Драма – Спас Русев не може да влезе в БТК, съдът го блокира. Bulgarian guitar 4 September 2016.

• ^ “Студия Трансмедия”. Bulgarian food uk online Съдът блокира нова схема на Спас Русев и Милен Велчев в БТК. Bulgarian food uk 3 November 2016.

• ^ “Компас”. Bulgarian food store online Смъртоносна война заради милиони за Виваком. Bulgarian food store barking 9 January 2017.

• ^ “Off News”. Bulgarian food store Спас Русев си поиска “Виваком” с писма. Bulgarian food shop london 2 February 2017.

• ^ “Студия Трансмедия”. Bulgarian food shop karlovo Спас Русев отново пробва да влезе в БТК. Bulgarian food shop in london 7 February 2017.

• ^ “Капитал”. Bulgarian food shop БТК плаща първи “данък” нови собственици. Bulgarian food seattle 15 February 2017.

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