Mtel Bosnia and Herzegovina

The correct title of this article is m:tel Bosnia and Herzegovina. The substitution or omission of the colon is due to technical restrictions.

For other uses, see Mtel.

Telekomunikacije Republike Srpske a.d. Banja Luka, doing business as m:tel, 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^[2] and the biggest one listed on the Banja Luka Stock Exchange, with a market capitalisation of about 300 million euros as of April, 2025.^[3]

m:tel

Official logo
Mtel HQ, Banja Luka
Formerly	Telekom Srpske
Company type	Joint-stock company
Traded as	BLSE: TLKM-R-A
Industry	Telecommunications
Founded	20 December 1996; 28 years ago (1996-12-20) (Founded)
Headquarters	Vuka Karadžića 2, Banja Luka , Bosnia and Herzegovina
Key people	Jelena Trivan (General director)
Services	Fixed and mobile lines, internet provider, ADSL, IPTV
Revenue	856.61 million KM (2023[1])
Net income	354.47 million KM (2023[1])
Total assets	1.7586 billion KM (2023[1])
Total equity	1.03377 billion KM (2023[1])
Number of employees	2,621 (2023[1])
Website	mtel.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.^[4]

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.^{[citation needed]}

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):^[5]

• Telekom Srbija – 65.01%
• Pension 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.