HT Eronet, doing business as JP Hrvatske telekomunikacije d.d. Mostar, is a

telecommunications company A telephone company, also known as a telco, telephone service provider, or telecommunications operator, is a kind of communications service provider (CSP), more precisely a telecommunications service provider (TSP), that provides telecommunicat ...

Bosnia and Herzegovina Bosnia and Herzegovina ( sh, / , ), abbreviated BiH () or B&H, sometimes called Bosnia–Herzegovina and often known informally as Bosnia, is a country at the crossroads of south and southeast Europe, located in the Balkans. Bosnia and H ...

. The company was created on after separating

Hrvatska pošta Mostar Hrvatska pošta Mostar (English: ''Croatian Post Mostar'') is one of three companies responsible for postal service in Bosnia and Herzegovina. It operates mainly in Croat-majority areas in the Federation of Bosnia and Herzegovina and its headquart ...

(HP Mostar) and Hrvatske telekomunikacije (HT).

History

HT Mostar was founded on 1 January 2003. Based on Company reorganization on 24 November 2006, HT Mobilne d.o.o. merged with HT Mostar thus becoming an integral part of the public company HT d.o.o. Mostar. On 1 April 2009, the Assembly of the Company passed a decision on the re-registration of the Company from a limited liability company to a joint stock company. The re-registration was made on 8 June 2009, and the shares of the Company were listed on the Sarajevo Stock Exchange. The three main TLC operators in

have strong links to political parties. In 2003, an

OHR ''Ohr'' ("Light" he, אור; plural: ''Ohros/Ohrot'' "Lights" ) is a central Kabbalistic term in the Jewish mystical tradition. The analogy of physical light is used as a way of describing metaphysical Divine emanations. ''Shefa'' ("Flow" an ...

-mandated audit revealed that BH Telecom, RS Telekom and HT Mostar suffered substantial misure of funds, corruption and mismanagement, with a total loss of USD 57 million in 2002. Pressure for reform was raised by the public revelation of high salaries and financial support to political parties. In 2010, a U.S. cable defined Eronet and HT Mostar as

HDZ BiH The Croatian Democratic Union of Bosnia and Herzegovina ( hr, Hrvatska demokratska zajednica Bosne i Hercegovine or HDZ BiH) is a Christian democratic, nationalist political party in Bosnia and Herzegovina, representing the Croats of Bosnia and ...

's "traditional cash cow", noting how "As

Federation A federation (also known as a federal state) is a political entity characterized by a union of partially self-governing provinces, states, or other regions under a central federal government (federalism). In a federation, the self-governin ...

Minister of Finance in 1999, Čović helped arrange the transfer of Eronet to three private companies owned by HDZ BiH interests. Stipe Prlić, as HT Mostar's General Manager, challenged the privatization in court and won, arguing that the Federation government had not authorized it. Čović has fought Prlic's reappointment ever since."

Owner structure

HT Eronet owners are:

Government of the Federation of Bosnia and Herzegovina The Government of the Federation of Bosnia and Herzegovina,; hr, Vlada Federacije Bosne i Hercegovine; sr, Влада Федерације Босне и Херцеговине commonly abbreviated to the Federal Government,; hr, Federalna Vla ...

(FBiH) (50,10%),

Hrvatski Telekom T-Hrvatski Telekom d.d. is a Croatian telecommunications company. Since its initial public offering in October 2007, T-Hrvatski Telekom shares have traded on the Zagreb Stock Exchange, with global depositary receipts trading on the London Stock ...

(HT) (39,10%),

Hrvatska pošta HP-Hrvatska pošta d.d., founded in 1999, is a joint stock company owned by the Republic of Croatia that performs postal and payment transactions. It is the national postal operator of the Republic of Croatia. 1,016 Croatian Post offices re ...

(HP) (5,23%) and small shareholders (5,57%).

References

External links

Official website
{{Bosnia and Herzegovina phone companies Companies based in Mostar Telecommunications companies of Bosnia and Herzegovina Internet service providers of Bosnia and Herzegovina 2003 establishments in Bosnia and Herzegovina Government-owned companies of Bosnia and Herzegovina Government-owned telecommunications companies