Powernet also known as Пауърнет, is a telecommunications company with activities in the broadband Internet

Internet

The Internet is a global system of interconnected computer networks that use the standard Internet protocol suite to serve billions of users worldwide...

, CaTV and Digital phones. It is headquartered in Sofia

Sofia

Sofia is the capital and largest city of Bulgaria and the 12th largest city in the European Union with a population of 1.27 million people. It is located in western Bulgaria, at the foot of Mount Vitosha and approximately at the centre of the Balkan Peninsula.Prehistoric settlements were excavated...

, Bulgaria

Bulgaria

Bulgaria , officially the Republic of Bulgaria , is a parliamentary democracy within a unitary constitutional republic in Southeast Europe. The country borders Romania to the north, Serbia and Macedonia to the west, Greece and Turkey to the south, as well as the Black Sea to the east...

.
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.

History

The company was formed after a series of over 60 A&M

Mergers and acquisitions

Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...

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).


1996 One of the first Internet service providers in Bulgaria was founded - KIT LLC.

1997 BOL.bg LLC (BOL.bg) was founded

2003 Powernet LLC was founded

2005-2008 Powernet, KIT and BOL.bg acquire 100% of 50 small and medium-sized LAN Internet providers

2006 P&S acquire 100% of KIT and BOL.bg

2008 P&S acquire 100% of Powernet

2009 KIT and BOL.bg merge in Powernet, and Powernet acquire 100% of Airbites Bulgaria from SwissCom CEE

2010 Powernet joins the BTT project

Perspective

On November 22nd, 2010, Powernet joined the BTT,,(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.

Mission

Powernet is dedicated to achieving high-standards and customer satisfaction by the introduction of good practices and attractive package services.