Newcom Group () (the official name: Newcom LLC) is a Mongolian investment company. Its portfolio includes MobiCom Corporation, the first and the largest mobile telecommunications company in Mongolia, and Eznis Airways, the largest domestic airline in

Mongolia Mongolia is a landlocked country in East Asia, bordered by Russia to the north and China to the south and southeast. It covers an area of , with a population of 3.5 million, making it the world's List of countries and dependencies by po ...

. 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 telecommunications company based in Schaumburg, Illinois. It was founded by brothers Paul and Joseph Galvin in 1928 and had been named Motorola since 1947. Many of Motorola's products had been ...

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 '' sōgō shōsha'' 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 exchange ...

and KDDI Corporation.

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 family of standards to describe the protocols for second-generation (2G) digital cellular networks, as used by mobile devices such as mobile phones and Mobile broadband modem, mobile broadba ...

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 ea ...

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

information technology Information technology (IT) is a set of related fields within information and communications technology (ICT), that encompass computer systems, software, programming languages, data processing, data and information processing, and storage. Inf ...

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

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 Eznis Airways was from

Ulaanbaatar Ulaanbaatar is the Capital (political), capital and List of cities in Mongolia, most populous city of Mongolia. It has a population of 1.6 million, and it is the coldest capital city in the world by average yearly temperature. The municipa ...

to Choibalsan in 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 regions of China, autonomous region of China. Its border includes two-thirds of the length of China's China–Mongolia border, border with the country of Mongolia. ...

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

Kazakhstan Kazakhstan, officially the Republic of Kazakhstan, is a landlocked country primarily in Central Asia, with a European Kazakhstan, small portion in Eastern Europe. It borders Russia to the Kazakhstan–Russia border, north and west, China to th ...

. 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, shortened to EBRD ( French: ''Banque européenne pour la reconstruction et le développement'' or ''BERD''), is an international financial institution founded in 1991 in Paris. As a multilat ...

) 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, also called a wind park or wind power plant, is a group of wind turbines in the same location used to produce electricity. Wind farms vary in size from a small number of turbines to several hundred wind turbines covering an exten ...

. 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 mon ...

services for real estate 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 the investor usually purchases some species of property. Types of in ...

, 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 company and worldwide manufacturer of materials processing machinery, waste and recycling equipment, mobile elevating work platforms, and equipment for the electric utility industry. Terex does business in the ...

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 land-grant research university in Berkeley, California, United States. Founded in 1868 and named after the Anglo-Irish philosopher George Berkele ...

’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 managers, globally. These programs are generally non-credit and non-degree-granting, but sometimes lead to ...

in July 2011 and launched the American University of Mongolia’s Center for Executive Education in August, 2011 in

. The Center for

offers executive programs showcasing

leadership Leadership, is defined as the ability of an individual, group, or organization to "", influence, or guide other individuals, teams, or organizations. "Leadership" is a contested term. Specialist literature debates various viewpoints on the co ...

business management Business administration is the administration of a commercial enterprise. It includes all aspects of overseeing and supervising the business operations of an organization. Overview The administration of a business includes the performance o ...

strategy Strategy (from Greek στρατηγία ''stratēgia'', "troop leadership; 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 " a ...

project management Project management is the process of supervising the work of a Project team, team to achieve all project goals within the given constraints. This information is usually described in project initiation documentation, project documentation, crea ...

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

, business contracts and

negotiation Negotiation is a dialogue between two or more parties to resolve points of difference, gain an advantage for an individual or Collective bargaining, collective, or craft outcomes to satisfy various interests. The parties aspire to agree on m ...

public policy Public policy is an institutionalized proposal or a Group decision-making, decided set of elements like laws, regulations, guidelines, and actions to Problem solving, solve or address relevant and problematic social issues, guided by a conceptio ...

business communication Business communication is the act of information being exchanged between two-parties or more for the purpose, functions, goals, or commercial activities of an organization. Communication in business can be internal which is employee-to-superior o ...

corporate social responsibility Corporate social responsibility (CSR) or corporate social impact is a form of international private business industry self-regulation, self-regulation which aims to contribute to societal goals of a philanthropy, philanthropic, activist, or chari ...

marketing Marketing is the act of acquiring, satisfying and retaining customers. It is one of the primary components of Business administration, business management and commerce. Marketing is usually conducted by the seller, typically a retailer or ma ...

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 acce ...

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