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a.d. The terms (AD) and before Christ (BC) are used to label or number years in the Julian and Gregorian calendars. The term is Medieval Latin and means 'in the year of the Lord', but is often presented using "our Lord" instead of "the Lord", ...

Banja Luka (formerly Telekom Srpske a.d. Banja Luka) is a telecommunications company based in Banja Luka, Republika Srpska, Bosnia and Herzegovina. The company is owned by

Telekom Srbija Telekom Srbija a.d. Beograd is a Serbian state-owned telecommunications operator. It was founded in May 1997 as a joint-stock company, by spinning off the telecommunications business from PTT Srbija (present-day „Pošta Srbije"). In April 2015 ...

, 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.

History

Telekom Srpske was established on 20 December 1996. It was privatized in 2006, through a public tender.

, made the highest bid with 646 million

euros The euro (symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . T ...

for a 65% majority stake, while the second highest bidder was Telekom Austria with an offer of 467 million euros. 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): *

- 65.01% *

Pension A pension (, from Latin ''pensiō'', "payment") is a fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments ...

and Disability Insurance Fund - 8.92% * Restitution Fund - 5.03% * DUIF Krist.Invest a.d. - 3.30% * Other shareholders - 17.74%

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

External links

* {{Authority control Telecommunications companies of Bosnia and Herzegovina Companies based in Banja Luka Telecommunications companies established in 1996 1996 establishments in Bosnia and Herzegovina Economy of Bosnia and Herzegovina Economy of Republika Srpska