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Bosnia’s Telekom Srpske absorbs subsidiary

Bosnia’s Telekom Srpske absorbs subsidiary

BANJA LUKA (Bosnia and Herzegovina), February 10 (SeeNews) - Bosnia’s Telekom Srpske [BANJ:TLKM-R-A], operating under the brand name M:tel, said on Monday it absorbed its subsidiary Telegrafsko telefonski inzenjering, which engages in the construction of telecommunication networks.

The merger was registered with the Banja Luka commercial court on January 31, Telekom Srpske said in a filing with the Banja Luka Stock Exchange.

Telekom Srpske is the second-largest telecommunications company in Bosnia. It is majority-owned by Serbian state-controlled Telekom Srbija and has clients mainly in Bosnia’s Serb Republic, which forms Bosnia together with the Muslim-Croat Federation.

Bosnia, a country of 3.8 million, has two other telecom companies, both state-controlled, which operate in the Federation: HT Mostar and BH Telecom.