In 2004, a Management Services Agreement was concluded between Telecom Bulgaria (BTC EAD) and BTC Holding Limited, UK (the Operator), whereby the Operator was entrusted with supporting the overall management activities of the company, including the development and implementation of a general company performance policy, organisational structure, annual budgets, Strategic Plan and Business Plan. According to the contract it is agreed that for the services received Telecom Bulgaria shall pay to the operator a remuneration in the amount of 2.25% of the gross revenues. Furthermore, according to the agreement a fee of 1.25% would be paid by Telecom Bulgaria for technology – the provision or licensing of proprietary software and systems, material intellectual property rights, specialized technical research and consulting services, hardware and equipment, trade names and any other proprietary information will be provided by the Operator only pursuant to separate agreements. A Technical and Consultancy Services Contract between Telecom Bulgaria and BTC UK Limited (the contractor) was entered into ...
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