Telecoms company Interoute, a unit of Europe’s largest voice and data network operator, will spend EUR 6 million on the overhaul of its Bulgarian network, said Mark Gregory, who is in charge of the company’s CEE business. The company will invest in a new data centre, a network infrastructure upgrade, staff training and the launch of an undergraduate programme.
The ongoing financial crisis will not be as hard on telecommunications as on the property and consumer lending sectors, and both people and businesses will need phone and Internet connection, according to Gregory.
Interoute entered the Bulgarian market two years ago with the acquisition of local telecom startup TPN casting its network all over the country inside five years. Annual revenue for the period almost doubled reaching EUR 6.5 million in end-2008. Bulgaria will be the starting point of a network expansion towards Turkey, Greece and the Middle East.