September 15 (SeeNews) - Bosnia and Herzegovina's Telekom Srpske [BANJ:TLKM-R-A] said it has completed the merger of cable operators Elta-Kabel and Telrad Net into Blicnet.
The commercial court in Banja Luka registered the merger of Elta-Kabel and Telrad Net into Blicnet on September 12, Telekom Srpske said in a bourse filing on Wednesday.
You can subscribe to our M&A newsletter here
In July, Elta-Kabel said the three companies will merge into one and operate under the new brand *Supernova.
Telekom Srpske acquired Elta-Kabel, Telrad Net and Blicnet in 2019 through its mobile arm Mtel.
Telekom Srpske, majority-owned by Telekom Srbija, has clients mainly in the Serb Republic entity, which forms Bosnia and Herzegovina together with the Federation entity.
Telekom Srpske's shares closed flat at 1.50 marka ($0.76/0.77 euro) on the Banja Luka Stock Exchange (BLSE) on Wednesday. They did not trade at opening on Thursday.
Bosnia, a country of some 3.5 million people, has two more major telecommunication companies, both state-controlled - HT Mostar and BH Telecom.
(1 euro = 1.95583 marka)