Type JSC Industry Telecommunications Owner Telekom Srbija Parent organization Telekom Srbija | Traded as BLSE: TLKM-R-A Key people Goran Vlaović (CEO) Founded 1996 | |
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Products Fixed and mobile lines, internet provider, ADSL, IPTV Headquarters Banja Luka, Bosnia and Herzegovina Subsidiaries M-tel, mtel CG, Logosoft d.o.o., Elnet d.o.o. Laktasi Profiles | ||
Telekom Srpske (full legal name: Telekom Srpske a.d. ) 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 €540m.
Contents
The company's main business are fixed and mobile telecommunications in domestic and international traffic. Other businesses include:
The company also 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.
Financial performance
Telekom Srpske had revenues on BAM 344m (€176m) and net income of BAM 80m (€41m) in 2005.
It currently has 35% market share in both the fixed and mobile telephony market in Bosnia and Herzegovina.
The company's share price on BLSE has been doing very well and, since the establishment of the main market index, BIRS, it has significantly overperformed the index.
Ownership structure
Current ownership structure of the company is as follows:
Telekom Srpske 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.
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.