Powernet Telecommunications Overview

  • Year Founded
  • 2003

Year Founded

  • Status
  • Out of Business

  • Latest Deal Type
  • Out of Business

  • Financing Rounds
  • 2

  • Investments
  • 6

Powernet Telecommunications General Information

Description

Provider of broadband internet access services in Sofia and its surroundings. The company provides internet access via optical line or LAN cable, bidirectional wireless connection, gigabit fiber optical connectivity to several residential and business users.

Contact Information

Website
www.powernet.bg
Formerly Known As
KIT, BOL.BG, Powernet
Ownership Status
Out of Business
Financing Status
Formerly PE-Backed
Corporate Office
  • Druzhba-1 residential district
  • 12 Iliya Beshkov Street, floor. 2
  • Sofia, 1592
  • Bulgaria
Primary Industry
Internet Service Providers
Other Industries
Telecommunications Service Providers
Vertical(s)
TMT
Corporate Office
  • Druzhba-1 residential district
  • 12 Iliya Beshkov Street, floor. 2
  • Sofia, 1592
  • Bulgaria

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Powernet Telecommunications Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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Powernet Telecommunications Investments (6)

Powernet Telecommunications’s most recent deal was a Buyout/LBO with Balchik.Net. The deal was made on 23-Nov-2010.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Balchik.Net 23-Nov-2010 Buyout/LBO Internet Service Providers
Diana Cable TV 23-Nov-2010 Buyout/LBO Cable Service Providers
Digital Communications (Telecommunications Service Providers) 23-Nov-2010 Buyout/LBO Telecommunications Service Providers
Internet Communication Optic Network 23-Nov-2010 Buyout/LBO Internet Service Providers
Networx-Bulgaria 23-Nov-2010 Buyout/LBO Telecommunications Service Providers
You’re viewing 5 of 6 investments. Get the full list »

Powernet Telecommunications Exits (2)

Powernet Telecommunications’s most recent exit was on 23-Nov-2010 from Networx-Bulgaria. The exit was categorized as with 2 buyers.

Company Name Exit Date Exit Type Exit Size Status Buyers
Networx-Bulgaria 23-Nov-2010 Completed
  • 2 buyers
Telnet OOD 23-Nov-2010 Buyout/LBO Completed
  • 2 buyers
To view Powernet Telecommunications’s complete exits history, request access »

Powernet Telecommunications Affiliates

Subsidiaries (3)

Name Industry Location Year Founded
Balchik.Net Balchik, Bulgaria 1999
Diana Cable TV Yambol, Belgium 1997
Digital Communications (Telecommunications Service Providers) Burgas, Bulgaria

Powernet Telecommunications FAQs

  • When was Powernet Telecommunications founded?

    Powernet Telecommunications was founded in 2003.

  • Where is Powernet Telecommunications headquartered?

    Powernet Telecommunications is headquartered in Sofia, Bulgaria.

  • What industry is Powernet Telecommunications in?

    Powernet Telecommunications’s primary industry is Internet Service Providers.

  • Is Powernet Telecommunications a private or public company?

    Powernet Telecommunications is a Private company.

  • What is Powernet Telecommunications’s current revenue?

    The current revenue for Powernet Telecommunications is .

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