18 August 2008 — Zug, Switzerland
The shareholders of Balcan Telecom Holding AG have appointed Brian Reaves to the Board of Directors. The company was formed by high net-worth individuals to invest in telecommunications in the Balkan region. The company will focus on opportunities to invest in existing companies as well as prospective start-up telecom operations.
The Balkan Peninsula represents a great opportunity for developing telecommunications businesses in fast growing economies with an underdeveloped infrastructure.
“I am excited about the opportunity to work with our shareholders to create value in such a great market. Given the difficulty in raising capital and the relatively low valuations on quality assets, the timing could not be better to expand in the Balkan region”, said Brian Reaves, Director of Optima Wireless.