|
FiberNet Communications Stage: Growth Date of Investment: 2004 Web Site : http://www.fibernet.hu
|
 |
Headquartered in Budapest, Hungary, FiberNet is a leading cable television operator focused on the Central and Eastern European communications markets, serving approximately 500,000 cable and 75,000 broadband Internet subscribers as of the end of 2006 . The company operates predominantly broadband networks to deliver cable television ("CATV"), Internet and VoIP based telephony services to its subscriber base. FiberNet was established by Andras Feuer, the company's C.E.O. in 1999. Warburg Pincus led a secondary buy-out of the business in 2004 and committed new equity for the further development of the business. During 2005-2006, Fibernet extended its activities to other Central Eastern European markets with the acquisition of Eurocom Cable, the largest cable television operator in Sofia, Bulgaria, as well as Eurocom Plovdiv in Plovdiv, Bulgaria and Falstap in Dnepropetrovsk, Ukraine. At the end of 2006, the company had approximately 180,000 CATV subscribers in Hungary, as well as 200,000 CATV subscribers in Bulgaria and 125,000 CATV subscribers in Ukraine.
