| Powernet LLC | |
| Type: | Limited Liability Company |
| Founded: | 1996 (as KIT) 1997 (as BOL.bg) 2008 (as Powernet) |
| Location: | Sofia, Bulgaria, (contacts) |
| Owner: | P&S EAST GROWTH Luxembourg |
| Key People: | Boyan Georgiev (CEO), Ivo Peev (DBD), Plamen Milanov (CTO), Lubomir Plankov (CFO), Angel Haralampiev (Administrative manager) |
| Area Served: | Sofia municipal area |
| Industry: | telecommunications |
| Products: | Broadband Internet, CaTV, DigitalPhones, Metro&Long distance Ethernet, Dark Fiber |
| Revenue: | €3.460 million (2009) |
| Assets: | €5.065 million (2009) |
| Net Income: | €0.918 million (2009) |
| Num Employees: | 175 (2011) |
| Subsid: | ExtremeNet (100%) BOL.bg East (50%) PAMNET (50%) |
| Homepage: | www.powernet.bg |
Powernet (Powernet LLC), also known as Пауърнет, is a telecommunications company with activities in the broadband Internet,[1] CaTV and Digital phones. It is headquartered in Sofia, Bulgaria.[2] Currently the company is the biggest broadband Internet services provider to end-users in the region of Sofia municipality. It serves about 35 000 residential, and over 1 500 business customers.
The company was formed after a series of over 60 A&M[3] [4] of various-sized Internet Service Providers (ISPs) into Powernet LLC. The biggest acquisitions being the ones of BOL.bg (in 2006), and of Airbites Bulgaria, a daughter company of SwissCom CEE(in 2009).
On 22 November 2010, Powernet joined the BTT,[5] [6] [7] (Bulgarian Telecom & Television Jsc) project, which united 11 of the biggest regional Internet, CaTV and Phone service providers in Bulgaria. The customers served increased to 150 000 in 40 towns and 110 locations in Bulgaria. BTT covers more than 1 million households. During 2011, BTT will offer integrated services – television, internet, fixed and mobile phones at full national coverage.