Newcom Group
Mongolian investment company and diversified business group with interests in telecommunications, aviation, renewable energy, property services, mining equipment and education.
Last updated August 25, 2026
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Overview
Newcom Group, officially Newcom LLC, is a Mongolian investment company and diversified business group headquartered in Ulaanbaatar. It was established in April 1993 by N. Tuya, initially as a provider of professional consulting services. The company expanded from consulting into communications in the mid-1990s, becoming an authorized Mongolian distributor of Motorola short- and ultra-short-wave radio stations in September 1995. During the same period, it helped establish MobiCom Corporation in partnership with Japan's Sumitomo Corporation and KDDI Corporation. MobiCom began serving customers on March 18, 1996, after deploying a GSM mobile network, and became one of the most important companies in Mongolia's telecommunications and information-technology sectors. Newcom subsequently developed a portfolio spanning infrastructure-oriented and service businesses. Its telecommunications interests have included MobiCom and a group of related companies involved in fixed and internet connectivity, digital content, finance and technology services. The group's aviation venture, Eznis Airways, was established by Newcom in December 2006. Eznis developed a domestic network linking Ulaanbaatar with destinations including Dornod, Khuvsgul, Umnugobi, Uvs and Bayan-Ulgii, while also operating international and charter services. The airline ceased all operations on May 22, 2014, citing financial difficulties and adverse conditions in the airline industry. Renewable energy became another significant area of activity. Newcom's Clean Energy Company was established in 2004 with a 75 percent Newcom stake and a 25 percent stake held by the European Bank for Reconstruction and Development. The company gathered and analyzed wind data from Salkhit Mountain, approximately 70 kilometers southeast of Ulaanbaatar, to evaluate the feasibility of a wind project. The resulting Salkhit wind farm, with a capacity of 50 megawatts, was completed with EBRD financing and commissioned in June 2013. It was described as Mongolia's first wind farm and represented an early private-sector contribution to the country's renewable-energy infrastructure. The group has also operated or sponsored businesses outside its core communications and energy activities. Newcom Property began in 1997 as the group's real-estate management and services division and became an independent company in 2005, providing property-management services to owners, investors, individuals, companies and other organizations. Newcom Mining Services was established in 2011 to sell and rent construction and mining equipment and served as an authorized Mongolian distributor for Terex and Genie. Tsegts, originally established in 2004 as Newsec, provided security services for different types of property. Newcom has additionally participated in executive education. In July 2011, it signed a strategic partnership with the University of California, Berkeley's Center for Executive Education and launched the American University of Mongolia's Center for Executive Education in Ulaanbaatar in August of that year. The center offered programs in leadership, management, strategy, project management, finance, negotiation, public policy, communications, corporate social responsibility and marketing. In renewable energy, Newcom also established Clean Energy Asia in 2012 as a joint venture with SB Energy Corporation, the renewable-energy arm of Japan's SoftBank Corporation at the time. The available reference material presents Newcom as an investment and operating group rather than as a consumer-facing product brand. Its identity has been shaped by investments in nationally significant infrastructure businesses, particularly MobiCom and the Salkhit wind farm, together with ventures in transport, real estate, industrial services, security and professional education. The current status of the group, its ownership structure, website, financial performance and present portfolio are not established by the supplied sources.
History
Newcom Group was founded in Mongolia in April 1993 by N. Tuya as a professional consulting firm. Its first major expansion came in September 1995, when it became an authorized distributor of Motorola radio equipment for the Mongolian market. That same year, Newcom joined with Sumitomo Corporation and KDDI Corporation of Japan to establish MobiCom Corporation. MobiCom launched service to its first customers on March 18, 1996. It deployed GSM technology, then regarded as Mongolia's most advanced digital mobile-communications system, and grew into a leading mobile operator and one of the country's largest information-technology companies. MobiCom's wider group included businesses in telecommunications, internet connectivity, digital content, finance and technology services. Newcom diversified further into aviation. It established Eznis Airways on December 6, 2006. The airline began scheduled service between Ulaanbaatar and Choibalsan in December 2006 and later developed a domestic network serving destinations including Dornod, Khuvsgul, Umnugobi, Uvs and Bayan-Ulgii. It also operated service to Hailar in China's Inner Mongolia region and charter flights to destinations in China, Russia and Kazakhstan. Eznis ceased all operations on May 22, 2014, amid financial difficulties and unfavorable airline-industry conditions. Energy and infrastructure became important parts of Newcom's portfolio. Clean Energy Company was formed in 2004, with Newcom holding 75 percent and the European Bank for Reconstruction and Development holding 25 percent. The venture collected wind measurements at Salkhit Mountain, southeast of Ulaanbaatar, and commissioned technical assessments to determine the site's power-generation potential. The resulting 50-megawatt Salkhit wind farm was completed with EBRD financing and commissioned on June 20, 2013. It was identified as Mongolia's first wind farm. Newcom's property-services activities began in 1997, when Newcom Property operated as an internal real-estate management and service division. It became an independent company in 2005 and provided property management for owners, investors, private clients, businesses and organizations. In 2011, Newcom Mining Services was established to sell and rent construction and mining equipment, including products from Terex and Genie as an authorized Mongolian distributor. Tsegts was established in 2004 as Newsec to provide security services for properties. The group also pursued education and international partnerships. In July 2011, Newcom signed a strategic partnership with the University of California, Berkeley's Center for Executive Education. In August 2011, it launched the American University of Mongolia's Center for Executive Education in Ulaanbaatar, offering programs covering leadership, management, strategy, projects, finance, contracts, negotiation, public policy, communications, corporate social responsibility and marketing. Clean Energy Asia was established in 2012 as a joint venture between Newcom and SB Energy Corporation, the renewable-energy arm of SoftBank Corporation at the time. The supplied sources do not establish Newcom Group's present ownership, management, financial results, official website or complete current portfolio. Accordingly, the group is documented here primarily through its historical investments and operating companies.
- 2014
Eznis Airways ceases operations
[1]Eznis suspended all operations on May 22 because of financial difficulties and difficult airline-market conditions.
- 2013
Mongolia's first wind farm is commissioned
[1]The 50-megawatt Salkhit wind farm was completed and commissioned on June 20.
- 2012
Clean Energy Asia is established
[1]Newcom and SB Energy Corporation formed Clean Energy Asia as a renewable-energy joint venture.
- 2011
Mining-services and executive-education expansion
[1]Newcom Mining Services was established, and Newcom partnered with UC Berkeley's Center for Executive Education.
- 2006
Eznis Airways is founded
[1]Newcom established Eznis Airways on December 6, with scheduled domestic flying beginning later that month.
- 2005
Newcom Property becomes independent
[1]The group's property-management division, created in 1997, became an independent company specializing in property services.
- 2004
Clean Energy Company is established
[1]Newcom and the EBRD established Clean Energy Company to assess and develop wind-power potential at Salkhit Mountain.
- 1996
MobiCom begins service
[1]MobiCom served its first customers on March 18 using GSM mobile-network technology.
- 1995
Expansion into radio communications
[1]Newcom became an authorized distributor of Motorola short- and ultra-short-wave radio stations and established MobiCom with Sumitomo Corporation and KDDI Corporation.
- 1993
Newcom is founded
[1]N. Tuya founded Newcom in April as a professional consulting-services company.
Products and positioning
A Mongolian investment and operating group focused on communications, infrastructure, energy and business services.
Mobile telecommunications · 1996
MobiCom Corporation
MobiCom is Newcom's best-known telecommunications investment. Established with Sumitomo Corporation and KDDI Corporation, it launched Mongolia's GSM mobile service in March 1996. The business developed into a leading mobile-telephone provider and a major information-technology company, with related activities represented by subsidiaries involved in internet connectivity, digital content, finance and technology services.
Renewable energy · 2013
Salkhit Wind Farm
The Salkhit wind farm is a 50-megawatt wind-power project developed by Newcom's Clean Energy Company at Salkhit Mountain, southeast of Ulaanbaatar. After more than two years of wind measurement and technical assessment, the project was completed with financing from the European Bank for Reconstruction and Development and commissioned in June 2013. It was described as Mongolia's first wind farm.
Air transportation · 2006
Eznis Airways
Eznis Airways was Newcom's airline venture, established in December 2006. It operated scheduled domestic flights from Ulaanbaatar to several Mongolian destinations, international service to Hailar in China's Inner Mongolia region, and charter flights to locations in China, Russia and Kazakhstan. The airline ceased all operations on May 22, 2014, following financial difficulties and challenging industry conditions.
Property management · 1997
Newcom Property
Newcom Property originated as Newcom Group's real-estate management and service division in 1997 and became independent in 2005. Its stated activities included property management for real-estate owners, investors, private individuals, businesses and organizations. The supplied reference describes it as having more than 230 employees, but does not establish its current status.
Mining and construction equipment · 2011
Newcom Mining Services
Established in 2011, Newcom Mining Services sold and rented construction and mining equipment in Mongolia. The company was identified as an authorized distributor for Terex and Genie products. No current operating information is established in the supplied sources.
Executive education · 2011
American University of Mongolia Center for Executive Education
Newcom launched the American University of Mongolia's Center for Executive Education in Ulaanbaatar in August 2011 after signing a strategic partnership with UC Berkeley's Center for Executive Education. The center offered professional programs in leadership, management, strategy, finance, negotiation, public policy, communications, corporate social responsibility and marketing.
Brand decisions
2014
Eznis Airways suspends operationsOtherBackground
The airline faced financial difficulties in a difficult aviation-industry environment.
Action taken
Eznis Airways ceased all operations on May 22, 2014.
Aftermath
The airline's domestic and international operating history ended, although the supplied source does not document subsequent restructuring or ownership developments.
2013
Commissioning of the Salkhit wind farmProduct launchBackground
Wind measurements and feasibility work indicated that Salkhit Mountain had suitable conditions for wind generation.
Action taken
Newcom's Clean Energy Company completed and commissioned a 50-megawatt wind farm with EBRD financing.
Aftermath
The project was presented as Mongolia's first wind farm and became a notable renewable-energy infrastructure project.
2006
Newcom establishes Eznis AirwaysProduct launchBackground
Newcom expanded its portfolio from communications and consulting into air transportation.
Action taken
It established Eznis Airways, which began scheduled domestic service from Ulaanbaatar to Choibalsan in December 2006.
Aftermath
Eznis developed a broad domestic network and operated some international and charter services before ceasing operations in 2014.
1995
Newcom enters telecommunications through MobiComStrategyBackground
After beginning as a consulting company and becoming a Motorola radio-equipment distributor, Newcom pursued a larger communications opportunity in Mongolia.
Action taken
It formed MobiCom Corporation with Sumitomo Corporation and KDDI Corporation and supported the launch of a GSM mobile network.
Aftermath
MobiCom became a leading Mongolian mobile operator and a major company in the country's information-technology sector.
Sources1 sources
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