special purpose investment company
About Empreno Ventures
Owned by Dmitry Kosarev, EMPRENO has been set up as a special-purpose investment vehicle to control the owner's stake in Bulgarian Telecommunications Company, Vivacom. Mr. Kosarev became the owner of EMPRENO in September of 2015, and soon after EMPRENO became a shareholder of VIVACOM. EMPRENO is responsible for holding the stake and working with Vivacom on representing its owner's interests in the company. As of 2016, EMPRENO has filed a lawsuit and is taking other legal actions against several parties that are responsible, according to EMPRENO, for attempted take-over of EMPRENO's assets. More information regarding the case can be found here.
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. 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. Currently, VIVACOM is leading the market in providing various telecommunication services, including fixed-line, mobile, Internet, radio and TV broadcasting, and data transmission services. The company is headquartered in Sofia, Bulgaria, employs around 3,500 people, and owns a mature distribution network with over 230 retail outlets. VIVACOM’s customer base includes both business and residential subscribers. It serves 2.6 million fixed phones and provides broadband Internet access to 400,000 households and free Internet access at more than 3,000 public locations in Bulgaria. VIVACOM’s 3G network coverage expands to 99.41% of the population and 99.95% of the territory of Bulgaria.
Vivacom's official site