Sofia, BULGARIA –October 10, 2007 –Intel Capital, the global investment arm of Intel Corporation, and Polish financial group MCI Management, announced Wednesday a sizeable investment in local telco Nexcom-Bulgaria to directly support the development of a nation-wide WiMAX network to deliver a bundled solution of voice and wireless internet services.
By 2009, Nexcom plans to spend over EUR 20 mln to achieve the following primary objectives: (1) to provide national WiMAX coverage in Bulgaria within the next nine months; (2) to obtain a minimum 10% market share within the fixed phone and broadband services markets in Bulgaria; and (3) to introduce mobile WiMAX (802.16e) services throughout the country.
“The deal with Intel and MCI is among the first WiMAX investments in Eastern Europe and is of enormous strategic importance for Nexcom and all Bulgarian broadband internet subscribers”, Emil Nikolov, Co-founder and Chairman  of Nexcom Telecommunications, said. With such substantial support by both companies, Nexcom reaffirms its strong intention to continue the development of its network at accelerated rates to offer accessible and reliable services to broadband and phone subscribers in the country.
 “Intel is in the forefront of WiMAX development worldwide and our investment in Nexcom is part of our strategy to support the spread of broadband Internet access, Marcin Hejka, Director, Strategic Investments CEE, Intel Capital commented. “We believe that WiMAX mass adoption has a great potential in Bulgaria. By investing here our goal is to provide Bulgarians with easy to access broadband Internet access which will boost both their competitiveness in the globalized labor market. At the same time on macroeconomic level the availability of WiMAX in Bulgaria could be a competitive advantage for attracting further investments”, Marcin Hejka added.
“Strong demand of Bulgarian market for wireless telecommunication services, excellent management team of Nexcom, technological and  marketing Intel support and also MCI experience in technology investments in transition economies represents a strong foundation of future success of the company", Bogdan Wiśniewski, Partner, MCI said.
“In the next nine months, Nexcom expects to provide a nation-wide coverage in Bulgaria, offering services to all cities with more than 50 thousand inhabitants.” Emil Nikolov said. The next cities to be covered by Nexcom are Varna, Blagoevgrad, Sliven, Shumen, Stara Zagora, Veliko Turnovo, Plovdiv, Yambol, Ruse, Lovech, Pleven, Gabrovo, Kurdjali, Haskovo, Vidin, Montana, Vratsa, Pazardik, Kazanlak, Kustendil, Razlog, Sandanski, Turgovishte, Razgrad, Dobrich and Pernik. “We shall continue working persistently to offer high quality and reliable integrated solutions that fully satisfy the communication needs of our subscribers”, Emil Nikolov added.
In October 2007 Nexcom-Bulgaria celebrates its first year since the start of its WiMAX network in Bulgaria. During the year Nexcom-Bulgaria has constructed a network now spanning over 10 cities in the country, and has started offering WiMAX services commercially in Sofia, Bansko, Burgas and many seaside and mountain resorts.
Nexcom initiated the preparation for the construction of its wireless WiMAX network at the end of 2005, following a successful bid for a WiMAX licence in the 3,5 GHz frequency. In the past two years Nexcom has invested in total renovation of its IP voice network and in the construction of a new data network to guarantee the quality and security of the services offered.  The company recently received a licence in the 26GHz frequency range to allow for a quick and cost effective construction of a network for backhauling (linking base stations), as well as for building connectivity to clients with high requirements for speed and capacity.
With the actual deployment of WiMAX, Nexcom customers receive wireless broadband internet at speeds of up to 10 Mbps and telephone service with a number from Nexcom Bulgaria’s own numbering plan.  In addition, corporate customers have the option of enrolling in a number of Nexcom-provided data transfer services, including urban and intercity connectivity, MAN and VPN services.

About Nexcom Bulgaria
Founded in 1998, Nexcom Bulgaria is the leading alternative provider of telecommunications services in Bulgaria.  Nexcom provides a bundled offering of voice and broadband Internet services to corporate and residential customers throughout the country.  By the end of 2007, Nexcom’s WiMAX network will provide coverage to more than 60% of the Bulgarian population.

Contact:

Sevelina Borisova                                                      Ralitsa Mihaylova
Manager Marketing Communications                            PR specialist

Nexcom Bulgaria                                                       ROI Communication
75 Krum Popov                                                         Tel. +35929615971
Sofia, Bulgaria 1421                                                  Email: rmihaylova@roibg.com
Tel:+35924901422
Email: sborisova@nexcom.bg
www.nexcom.bg

About Intel Capital
Intel Capital, Intel's global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software and services targeting enterprise, home, mobility, health, consumer Internet and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$6 billion in approximately 1,000 companies in more than 40 countries. In that timeframe, about 157 portfolio companies have gone public on various exchanges around the world and another 187 have been acquired by other companies. In 2006, Intel Capital invested about US$1.07 billion in 163 deals with approximately 60 percent of funds (excluding Clearwire) invested outside the United States. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com <http://www.intelcapital.com/> .

Contact:
Pavel Svoboda
Intel PR Manager
Central & Eastern Europe (CEE)
tel:  +420 222 090 304 (1)
e-mail: pavel.svoboda@intel.com

About MCI Management SA

MCI Management SA is a leading financial group managing Venture Capital and Private Equity funds, owning such funds as TechVentures'99, TechVentures'03, MCI.BioVentures, MCI.EuroVentures and MCI.SuperVentures. With operations focused in Central and Eastern Europe, the company invests in innovative companies operating in the following segments: the Internet, mobile telephony, e-commerce, wireless technologies, software, IT, biotechnology/life science and media. MCI has been listed at the Warsaw Stock Exchange since February 2001 and its current market capitalization amounts to approx. PLN 1 billion. The MCI Group has performed 32 investments in total under the TechVentures’99 and TechVentures’03 funds, with 9 exits.

Currently, MCI holds shares of the following companies:

ABC Data – IT distributor
Bankier.pl – financial portal
Clix Software – provider of CRM solutions
Digital Avenue – digital entertainment
DomZdrowia.pl – online pharmacy
FinSkog – developer of GIS systems
Finepharm – biotechnology/drug production
Hoopla.pl – online store with home appliance and audio/video equipment
Geewa – online games
Grupa Lew – electronic channel for distribution of cards and pre-paid codes
Innovation Technology Group – IT systems integrator
Naviexpert  – personal GPS navigation
NetPress – e-publishing
Nostromo – mobile games
One2One – mobile solutions integrator
Retail Info - portal for consumers focused on retail and wholesale trade
S4E – provider of storage solutions
Telecom Media – distributor of mobile content
Travelplanet.pl – online travel agency
Web²  – a group of WEB 2.0 portals

Contact:
Katarzyna Figat
Senior Communications Manager
MCI Management SA
Tel.+48 697 888 101
Skype :katarzynafigat
e-mail:katarzyna.figat@mci.pl

WiMAX is a standards-based wireless technology for providing high-speed, last-mile broadband connectivity to homes and businesses and for mobile wireless networks in a cost effective way. Intel plans to make WiMAX an option with its next-generation Intel ® Centrino® Duo processor technology for notebooks due in 2008. Pairing WiMAX and Wifi will help bring users the ultimate in affordable mobile broadband Internet. For more information pls. visit http://www.wimaxforum.org/home/.