Orbit

Orbitel AD
legal form	Corporation
founding	1997
Seat	Sofia , Bulgaria
management	Sándor Polani ( Chairman of the Board )
Number of employees	141 (end of 2006)
Branch	Fixed line telephony , broadband internet , internet services , IT , network service
Website	www.orbitel.bg

Orbitel ( Bulgarian Орбител ) is a Bulgarian telecommunications service provider and Internet service provider . Orbitel has been part of Mobitel , the leading mobile communications provider in Bulgaria, a member of the Telekom Austria Group, since 2011 .

history

Orbitel was founded in 1997 by Victor Francess and Nikolai Gorchilov, who were on the company's board of directors until 2007. In 2006 it was the second largest fixed line telecommunications company in Bulgaria and its products were available in over 35 cities.

At the beginning of 2006, Magyar Telekom from Budapest, the Hungarian subsidiary of Deutsche Telekom , took over all shares in the company for a purchase price of 8 million euros. Orbitel, which primarily supplied business customers, had a turnover of 9.3 million euros the previous year with 133 employees. Telekom planned to expand the existing business and invest a further 7 million euros.

After reassessing the strategic importance of the Bulgarian market, however, the telecommunications group decided to withdraw. The company's backbone network was transferred to Novatel , another Bulgarian subsidiary founded in 2004, and Orbitel was subsequently sold to Spectrum Net for 5 million euros . Spectrum Net was a corporate project of Alfa Finance Holding that was completed in 2011 with the sale of Orbitel's shares to Mobitel .

Individual evidence

1. ↑ ^{a b} Spectrum Net , on the Alfa Finance Holding website , accessed on February 11, 2016 (English)
2. ↑ Deutsche Telekom subsidiary Magyar Telekom buys Orbitel . In: juve.de, April 29, 2005, accessed on February 11, 2016
3. ↑ Magyar Telekom closed the sale of Orbitel , press release Deutsche Telekom , February 2, 2010, accessed on February 11, 2016 (English)