m:tel

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

telecommunication Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that ...

s company based in

Banja Luka Banja Luka ( sr-Cyrl, Бања Лука, ) or Banjaluka ( sr-Cyrl, Бањалука, ) is the second largest city in Bosnia and Herzegovina and the largest city of Republika Srpska. Banja Luka is also the ''de facto'' capital of this entity. ...

Republika Srpska Republika Srpska ( sr-Cyrl, Република Српска, lit=Serb Republic, also known as Republic of Srpska, ) is one of the two entities of Bosnia and Herzegovina, the other being the Federation of Bosnia and Herzegovina. It is located ...

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 ...

. 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 20 ...

, and is the second largest

telecommunications Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that ...

company in Bosnia and Herzegovina and the biggest one listed on the

Banja Luka Stock Exchange The Banja Luka Stock Exchange or BLSE ( sr, Бањалучка берза, ''Banjalučka berza'') is a stock exchange which operates in the city of Banja Luka in the Republika Srpska, Bosnia and Herzegovina. The Banja Luka Stock Exchange is a membe ...

, with the

market capitalisation Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by ...

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 . Th ...

for a 65% majority stake, while the second highest bidder was

Telekom Austria A1 Telekom Austria Group is a provider of a range of fixed-line, broadband Internet, multimedia services, data, and IT systems, wholesale as well as mobile payment services. It is a subsidiary of Mexican telecommunications conglomerate América M ...

with an offer of 467 million euros. The

Government of Republika Srpska Government of Republika Srpska ( sh-Cyrl-Latn, separator=" / ", Влада Републике Српске, Vlada Republika Srpske) is the executive authority of Republika Srpska, along with the President of Republika Srpska. The Prime Minister is ...

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 The law of restitution is the law of gains-based recovery, in which a court orders the defendant to ''give up'' their gains to the claimant. It should be contrasted with the law of compensation, the law of loss-based recovery, in which a court ...

Fund - 5.03% * DUIF Krist.Invest a.d. - 3.30% * Other

shareholders A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal ...

- 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