Mtel Bosnia and Herzegovina

Mtel a.d. Banja Luka (formerly Telekom Srpske) is a telecommunications company based in Banja Luka, Republika Srpska, Bosnia and Herzegovina. The company is owned by Telekom Srbija, and is the second largest telecommunications company in Bosnia and Herzegovina and the biggest one listed on the Banja Luka Stock Exchange, with the market capitalisation of about 540 million euros.

Mtel a.d. Banja Luka
FormerlyTelekom Srpske
TypeJoint-stock company
BLSE:
IndustryTelecommunications
Founded20 December 1996 (1996-12-20) (Founded)
Headquarters
Banja Luka, Republika Srpska
,
Bosnia and Herzegovina
Key people
Marko Lopičić (General director)
ServicesFixed and mobile lines, internet provider, ADSL, IPTV
Revenue €217.88 million (2017[1])
€30.63 million (2017[1])
Total assets €430.25 million (2017[1])
Total equity €343.20 million (2017[1])
Number of employees
2,137 (2017[1])
Websitemtel.ba

History

Telekom Srpske was established on 20 December 1996. It was privatized in 2006, through a public tender. Telekom Srbija, made the highest bid with 646 million euros for a 65% majority stake, while the second highest bidder was Telekom Austria with an offer of 467 million euros.[2]

The Government of Republika Srpska declared Telekom Srpske a company of strategic importance and, therefore, the state capital has been privatised according to the special privatisation program enacted by the Government. Raiffeisen Investment was appointed as the financial advisor to the government. The criteria that potential bidders had to fulfil, included a current minimum of 800,000 fixed-line and 1.5m mobile users, suggesting that the Government is hoping for an outside operator who is capable of investing in Telekom Srpske's infrastructure.

The company's main business is fixed and mobile telecommunications in domestic and international traffic. Other businesses include:

  • directory inquires
  • internet services provider
  • design, construction, reconstruction and installation of TC devices, etc.

Ownership structure

The ownership structure of the company is as follows (as of 31 December 2017):[3]

Subsidiaries

The company owns the founding status shares in three companies, with a 100% ownership of the company "Telekard telefonske usluge", d.o.o. Banja Luka and TT "Inženjering" d.o.o. Banja Luka, and 20% of share in the Institute for International Law and International Cooperation, d.o.o. Banja Luka.

References
  1. "Godišnji izvještaj za 2017" (PDF). mtel.ba (in Serbian). Retrieved 16 October 2018.
  2. "Telekom Srbija kupio Telekom Srpske". mondo.rs (in Serbian). 5 December 2006. Retrieved 16 October 2018.
  3. "Konsolidovani izveštaj o poslovanju za 2017. godinu Telekom Srbija a.d. Beograd" (PDF). mts.rs (in Serbian). Retrieved 16 October 2018.
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