Newcom Group ( mn, Ньюком Групп) (the official name: Newcom LLC) is a Mongolian investment company. Its portfolio includes

MobiCom Corporation Mobicom Corporation ( mn, Мобиком Корпораци) is the largest mobile phone operator in Mongolia. It was established as a joint Mongolian-Japanese venture on 18 March 1996, to be the first Mongolian cell phone service. It was foun ...

, the first and the largest mobile telecommunications company in Mongolia, and

Eznis Airways Eznis Airways LLC ( mn, Изинис Эйрвэйз ХХК, Izinis Eirweiz HHK) is a scheduled and charter airline based in Ulaanbaatar, Mongolia. It was once the largest domestic airline with services to a number of Mongolian domestic points an ...

, the largest domestic airline in

Mongolia Mongolia; Mongolian script: , , ; lit. "Mongol Nation" or "State of Mongolia" () is a landlocked country in East Asia, bordered by Russia to the north and China to the south. It covers an area of , with a population of just 3.3 million, ...

. Newcom built the first wind farm in

, with a capacity of 50 MW.

History

The company was founded in April 1993 by N. Tuya to provide professional consulting services. In September 1995, the firm became the authorized distributor of

Motorola Motorola, Inc. () was an American Multinational corporation, multinational telecommunications company based in Schaumburg, Illinois, United States. After having lost $4.3 billion from 2007 to 2009, the company split into two independent p ...

to sell short and ultra short waveradio stations. At the same time, it formed its first subsidiary, MobiCom, as a joint venture with its Japanese partners,

Sumitomo Corporation is one of the largest worldwide ''sogo shosha'' general trading companies, and is a diversified corporation. The company was incorporated in 1919 and is a member company of the Sumitomo Group. It is listed on three Japanese stock exchanges ( ...

and

KDDI Corporation () is a Japanese telecommunications operator formed on October 1, 2000 through the merger of DDI Corp. (Daini-Denden Inc.), KDD (Kokusai Denshin Denwa) Corp. (itself a former listed state-owned enterprise privatized in 1998), and IDO Corp. It ...

Subsidiaries

MobiCom Corporation

MobiCom started its operations, serving its first customers, on March 18, 1996 after 6 months of its establishment. Meeting the requirements of the tender announced by the Government of Mongolia, MobiCom launched its network with

GSM The Global System for Mobile Communications (GSM) is a standard developed by the European Telecommunications Standards Institute (ETSI) to describe the protocols for second-generation ( 2G) digital cellular networks used by mobile devices such as ...

technology, which is the most advanced digital system of mobile communication. Today, MobiCom has become the largest

Mobile Telephone Service The Mobile Telephone Service (MTS) was a pre-cellular VHF radio system that linked to the Public Switched Telephone Network (PSTN). MTS was the radiotelephone equivalent of land dial phone service. The Mobile Telephone Service was one of the ear ...

provider, with over 1,200,000 subscribers, and the biggest corporation in the

information technology Information technology (IT) is the use of computers to create, process, store, retrieve, and exchange all kinds of data . and information. IT forms part of information and communications technology (ICT). An information technology system (I ...

sector of Mongolia. The following companies are subsidiaries of MobiCom: *Newtel LLC *MobiNet LLC *Ulusnet LLC *Newfund LLC *Mongol Content LLC *Most PSP LLC *Mobifinance LLC *GrapeCity LLC

Eznis Airways

is the leading Mongolian domestic airline with the largest network of domestic destinations within

and highest flight frequency on these routes. The airline was established on December 6, 2006 by Newcom LLC, one of the largest holding companies of

. The first scheduled service flight of

was from

Ulaanbaatar Ulaanbaatar (; mn, Улаанбаатар, , "Red Hero"), previously anglicized as Ulan Bator, is the capital and most populous city of Mongolia. It is the coldest capital city in the world, on average. The municipality is located in north ce ...

to Choibalsan on December, 2006. Now the airline operates domestic scheduled and charter flights to 5 destinations of

including Dornod, Khuvsgul, Umnugobi, Uvs and Bayan-Ulgii, and operates international scheduled service to Hailar in China's

Inner Mongolia Inner Mongolia, officially the Inner Mongolia Autonomous Region, is an autonomous region of the People's Republic of China. Its border includes most of the length of China's border with the country of Mongolia. Inner Mongolia also accounts for a ...

region, and charter services to points in China, Russia and

Kazakhstan Kazakhstan, officially the Republic of Kazakhstan, is a transcontinental country located mainly in Central Asia and partly in Eastern Europe. It borders Russia to the north and west, China to the east, Kyrgyzstan to the southeast, Uzbeki ...

. The airline’s name “Eznis” means ‘easiness in flight’. The name consists of two parts which when put together say 'easy flight': the first two letters “Ez” stand for “easy” in English and “nis” is a Mongolian word meaning “fly”. Eznis Airways ceased all operations from 22 May 2014 due to the financial difficulties and the current situation at the airline industry.

Clean Energy

Clean Energy Company (75% owned by Newcom and 25% owned by the

EBRD The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially foc ...

) was established in 2004, initially to collect data from wind measurement stations established on Salkhit Mountain some 70 kilometers southeast of

to assess the site's suitability for the construction of a

wind farm A wind farm or wind park, also called a wind power station or wind power plant, is a group of wind turbines in the same location used Wind power, to produce electricity. Wind farms vary in size from a small number of turbines to several hundre ...

. Wind data has been collected from the site for over two years and the raw data has been compiled and assessed by Global Energy Concepts of the United States with the result that the selected site shows excellent potential for wind generation. The

- the first in

- has been completed with financing from the

and is being commissioned on June 20, 2013.

Newcom Property

Newcom Property LLC, after being set up in 1997 as Newcom Group’s real estate management and service division, became an independent company in 2005 specializing in

property management Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monit ...

services for

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...

owners,

investors An investor is a person who allocates financial capital with the expectation of a future return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some species of property. Type ...

, private individuals, businesses and organizations. The company now has over 230 employees.

Newcom Mining Services

Newcom Mining Services LLC is a construction and mining equipment rentals and sales company, established in 2011. It is the authorized distributor for

Terex Terex Corporation is an American worldwide manufacturer of lifting and material-handling plant for a variety of industries including construction, infrastructure, quarrying, recycling, energy, mining, shipping, transportation, refining and ut ...

and Genie brands in

Tsegts

Tsegts LLC was established in 2004 as Newsec LLC to provide security services for all types of property.

American University of Mongolia

Newcom Group signed a strategic partnership with

UC Berkeley The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California) is a public university, public land-grant university, land-grant research university in Berkeley, California. Established in 1868 as the University of Californi ...

’s Center for

Executive Education Executive education (ExEd or Exec. Ed) refers to academic programs at graduate-level business schools for executives, business leaders and functional managers globally. These programs are generally non-credit and non-degree-granting, but sometime ...

in July 2011 and launched the

American University of Mongoli American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, pe ...

a’s Center for Executive Education in August, 2011 in

. The Center for

offers

executive programs Executive ( exe., exec., execu.) may refer to: Role or title * Executive, a senior management role in an organization ** Chief executive officer (CEO), one of the highest-ranking corporate officers (executives) or administrators ** Executive dir ...

showcasing

leadership Leadership, both as a research area and as a practical skill, encompasses the ability of an individual, group or organization to "lead", influence or guide other individuals, teams, or entire organizations. The word "leadership" often gets view ...

business management Business administration, also known as business management, is the administration of a commercial enterprise. It includes all aspects of overseeing and supervising the business operations of an organization. From the point of view of management ...

strategy Strategy (from Greek στρατηγία ''stratēgia'', "art of troop leader; office of general, command, generalship") is a general plan to achieve one or more long-term or overall goals under conditions of uncertainty. In the sense of the "art ...

project management Project management is the process of leading the work of a team to achieve all project goals within the given constraints. This information is usually described in project documentation, created at the beginning of the development process. Th ...

corporate finance Corporate finance is the area of finance that deals with the sources of funding, the capital structure of corporations, the actions that managers take to increase the Value investing, value of the firm to the shareholders, and the tools and anal ...

, business contracts and

negotiation Negotiation is a dialogue between two or more people or parties to reach the desired outcome regarding one or more issues of conflict. It is an interaction between entities who aspire to agree on matters of mutual interest. The agreement c ...

public policy Public policy is an institutionalized proposal or a decided set of elements like laws, regulations, guidelines, and actions to solve or address relevant and real-world problems, guided by a conception and often implemented by programs. Public p ...

business communication Business communication is communication that is intended to help a business achieve a fundamental goal, through information sharing between employees as well as people outside the company. It includes the process of creating, sharing, listening, ...

corporate social responsibility Corporate social responsibility (CSR) is a form of international private business self-regulation which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethicall ...

marketing Marketing is the process of exploring, creating, and delivering value to meet the needs of a target market in terms of goods and services; potentially including selection of a target audience; selection of certain attributes or themes to emph ...

Clean Energy Asia

Clean Energy Asia LLC (CEA) was established in 2012 as a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acces ...

between Newcom LLC Newcom LLC and SB Energy Corp., renewable energy arm of Japan’s

Softbank Corporation is a Japanese multinational conglomerate holding company headquartered in Minato, Tokyo which focuses on investment management. The Group primarily invests in companies operating in technology, energy, and financial sectors. It also runs th ...

.{{Cite web, url=https://www.bloomberg.com/news/articles/2012-10-24/softbank-plans-to-develop-wind-power-in-mongolia-with-newcom, title=Softbank Plans to Develop Wind Power in Mongolia With Newcom, date=October 24, 2012, via=www.bloomberg.com

References

Investment companies of Mongolia Companies based in Ulaanbaatar