About Us
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About Us



Newcom Group is an investment company, providing capital and management expertise to growing companies in our focus sectors and augments it with deep local insights and years of accumulated industry expertise.





As an investment company, we focus on middle to large-scale projects and investment opportunities. Our team of experienced investment and management professionals applies accumulated project development, management, financing and operations management strategy to drive value creation across existing portfolio companies and our in-house projects under development.



We introduce technology-driven innovations
and best practices by developing them into
sustainable business opportunities. Mobicom
– Mongolia’s first mobile
telecommunications company Salkhit Wind Farm
– Mongolia’s first independent power producer




We are a transparent and reputable local

“partner on the ground” that continuously

works to ensure compliance of key

agreements and adherence to rule of law by

all local stakeholders to provide sustainable

and investor-friendly regulatory environment

throughout investment lifetime.



We are a professional and active investor
that manages our investment portfolio
focusing on value creation and operational
excellence to drive investment returns.




We continually develop our industry
knowledge and we apply our expertise to
develop solutions and business models
seeking to address growing business and
societal demands.

How We Invest


In our strategic interest areas, we seek to co-invest and co-develop with partners who are best suited for such investment opportunity in terms of expertise

and know-how and combine it with our in-house expertise to create business opportunities.


Areas of strategic interest


Engineering and Construction

Telecommunications & IT

Real Estate and Property


Pioneering Mongolia’s energy industry to a sustainable, reliable and economic future

Providing global best practice EPC, EPCM and E&C services for medium to large infrastructure projects

Mobile network operator with globally competing products and services

Integrated total facility management service provider

Environmentally friendly transport solutions for growing transport and mobility needs

Detailed History

  • May, 1993

    Newcom LLC was established as a telecommunication consulting company. Initiated projects with an aim of contributing to Mongolian society and economies by acting as a catalyst in the advancement and development of the telecom sector

  • Sep, 1995

    Newcom becomes the official distributor of Motorola (US) shortwave and ultra shortwave radio systems

  • Sep, 1995

    Established Mongolia’s first mobile operator Mobicom Corporation as a joint-venture with Japanese corporations

  • May, 2004

    Established Newsec LLC (now renamed to Tsegts Securities LLC) which provides professional security and protection services to individuals and all types of properties

  • Oct, 2004

    Established Clean Energy LLC, to carry out wind resource assessments, to conduct feasibility studies and to develop wind power projects in Mongolia

  • Dec, 2004

    Newcom and Mobicom jointly established a non banking financial institution Newfund NBFI to solve social issues and to provide mortgage loans to employees.

  • Mar, 2005

    Newcom Property LLC established to provide high quality, professional real estate and property management services

  • Apr, 2005

    Tedy Center opens to provide one stop services for GSM system users, with the capacity to serve up to 10,000 customers a day

  • Nov, 2005

    Established Newcom Systems LLC to provide information technology and systems integration solutions services

  • Jan, 2006

    Eznis Airways LLC was established to innovate the domestic flight experience with safe, reliable and comfortable services

  • Dec, 2006

    Eznis Airways successfully conducts its first scheduled flight.

  • Jan, 2010

    Newcom Group and General Electric (GE) of USA signs a Memorandum of Understanding (MoU) to form a strategic partnership

2010-To Date
  • May, 2011

    Eznis Airways and All Nippon Airways (ANA) of Japan signs a Strategic Cooperation Agreement

  • Aug, 2011

    Newcom Mining Services LLC (NMS LLC) is established to offer heavy equipment rental services to mining operations

  • Mar, 2012

    Clean Energy Asia LLC, a Mongolian joint-venture between Newcom Group and SB Energy Corp. of Japan is established

  • Mar, 2012

    Newcom Group, European Bank for Reconstruction and Development (EBRD), and the Dutch Development Bank (FMO) signs financing agreements for the Salkhit Wind Farm Project

  • Jun, 2013

    Mongolia’s second wind farm “Salkhit Wind Farm” with installed capacity of 50MW successfully commenced operations in Tsogttsetsii soum, Umnogovi province.

  • Oct, 2013

    50MW Salkhit Wind Farm Project was selected as the 2012 Asia Pacific Renewable Energy Deal of the Year by Project Finance Awards

  • May, 2015

    Mobicom Corporation introducted 4G LTE technology in Mongolia

  • Jan, 2016

    Awarded “Top 100 Enterprises” of Mongolia

  • Jan, 2016

    Mobicom Corporation introducted 4G LTE technology in Mongolia

  • Mar, 2016

    Newcom LLC fully exited from its investment in Eznis Airways LLC

  • Sep, 2016

    Tsetsii Wind Farm project achieved financial closure and financing agreements were executed with JICA and EBRD

  • May, 2017

    Newcom Solar Energy LLC established to develop and construct a 24MW solar photovoltaic plant

  • Oct, 2017

    50MW Tsetsii Wind Farm commences operations

  • Aug, 2018

    NMS LLC successfully completed foundation and erection works for 25 wind turbine generators for Mongolia’s third wind farm project, Sainshand Wind Farm.

  • Aug, 2018

    Tsetsii 50MW Wind Farm project by Clean Energy Asia LLC has received Asia Pacific Wind Deal of the Year Award by IJGlobal 50, IJ Global Awards

  • Aug, 2019

    Memorandum of Understanding (MOU) signed by Newcom Group, Energy Regulatory Commission (ERC) of Mongolia and ABB Group to introduce sustainable, environmentally friendly and innovative technology. ERC received its first electric vehicle to test

Our Mission


Newcom is Mongolia s leading investment firm with over 31 years track record of pioneering change across multiple industries having successfully transformed Mongolia s telecom, aviation, and energy sectors.

Our mission is to bring positive change to our community and environment by creating and delivering sustainable value for our investors.


We will achieve our mission by bringing together the best people to develop local opportunities into globally competing businesses that provides tangible value.


Newcom has been the partner of choice for global leaders such as Sumitomo, KDDI, EBRD, GE, FMO, SoftBank Group, JICA and Engie and many others in their ventures in Mongolia.

Our Values


We take pride in our work and measure our success based on tangible RESULTS only. We uphold the highest level of INTEGRITY in every job we do and we strive for EXCELLENCE in execution over mediocrity.

We foster a culture of collaboration and camaraderie because we believe effective TEAMWORK creates the most productive and healthy workplace environment and leads to better business results.

We don’t tolerate complacency and we choose to always learn and feed our intellectual CURIOSITY.

We set stretch targets and often undertake industry-shaping projects that require us to be RESILIENT and adaptive.

We are proud of our PARTNERSHIPS that bring new skills, resources and technologies to strengthen us to innovate and pioneer new frontiers.

We believe we have the right people, expertise, partnerships and fortitude to take some of the country’s toughest business challenges across industries head on and be the primary engine for Mongolia’s economic growth towards a greener and better future.

Tsetsii Wind Farm-1

We are an experienced local investor with expertise in managing Mongolian market risks

  • We are an investment company with an experienced track record of investing across multiple vital sectors in Mongolia.
  • We create long-term alignment with our international partners with strong focus on value creation, maximization and realization for our investments

We lead transformative industry changes and build bankable framework for those industries

  • We introduce technology-driven, innovative business models to steer industries towards a more sustainable future
  • We created the country’s first mobile operator MobiCom
  • We developed country’s first bankable Power Purchase Agreement (“PPA”) in the market for the first wind farm 50MW SalkhitWind Farm

We can deliver and develop bankable greenfield projects for investment with our in-house expertise

  • Our teams are experienced in originating, developing and structuring projects and business opportunities to ensure constant pipeline of investments
  • We partner with seasoned local and international professionals and industry specialists to structure bankable and innovative business models

We are an experienced local investor with expertise in managing Mongolian market risks

  • We are an investment company with an experienced track record of investing across multiple vital sectors in Mongolia.
  • We create long-term alignment with our international partners with strong focus on value creation, maximization and realization for our investments