SOFIA, Bulgaria -- Bulgaria's BTC, Orbitel and Nexcom on Monday acquired 10-year licenses for point-to-multipoint wireless networks, the country's telecommunications regulator said.
The three companies won the tender for the three licenses with a bid of 6.2 million leva about 3 million or US$3.8 million each.
Bulgaria's largest mobile operator, Mobiltel, and GiTy-Bulgaria were the other bidders in the tender with a starting price of 672,000 leva about 335,000 or US$415,000.
The point-to-multipoint telecommunication networks are used for transfer of voice and data, Internet access, fax, telex, video information and multimedia applications. The main advantage of such networks is that although wireless, they provide high quality connection comparable to a cable connection.