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Bosnia’s Telekom Srpske becomes 100% owner of Montenegro's Cabling

Bosnia’s Telekom Srpske becomes 100% owner of Montenegro's Cabling Valeri Potapova/Shutterstock.com

BANJA LUKA (Bosnia and Herzegovina), March 27 (SeeNews) – Bosnia’s Telekom Srpske [BANJ:TLKM-R-A] said on Friday it has become 100% owner of Montenegrin cable TV and Internet provider Cabling.

Budva-based Cabling is focused on providing cable and analogue TV, Internet and fixed telephony services on Montenegrin territory, Telekom Srpske said in a filing with the Banja Luka Stock Exchange.

Telekom Srpske’s mobile subscribers declined 3.6% to over 1.382 million at the end of 2014. The number of its fixed-line customers fell 3.6% to 280,758 at the end of December, whereas Internet customers rose 4.5% to 168,260. 

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.

(1 euro=1.95583 Bosnian marka)

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