Ownership structure

Public state company Telekom Srpske Banja Luka was registered on December 20, 1996. On December 12, 2002, it was transformed from the state into a Shareholders Company, and correspondingly the title was changed to Telekomunikacije Republike Srpske a.d.Banja Luka.

In 2002, pursuant to the RS Privatization Law and the Decision of RS Government, 20% of the national capital of the Company was privatized by voucher offer, out of which 10,5% was purchased by privatization and investment funds, and 9,5% by physical persons. The remaining 80% (state capital – 65%, Fund for Pension and Disability - 10%, Fond for Restitution - 5%) was privatized through a special privatization program of the RS Government, in accordance to the Law on Privatization of National Capital in Enterprises.

Changing of the Company’s name into Telekomunikacije RS a.d. Banja Luka, as well as the change of its status was registered by the Decision of the Basic Court in Banja Luka as of December 12, 2002.

Change of the Company’s status in the form of the ownership transformation by selling the total share of the national capital to the company “Telekom Srbija” a.d. Beograd was registered by the Decision of the Basic Court in Banja Luka as of June 28, 2007.

Having purchased 65% of the government capital in 2007, the Telekom Srbija (mts.rs) became the majority owner of the Mtel a.d. with the following capital structure:

Mtel a.d. Banja Luka has 41% ownership in the MTEL Global d.o.o. Beograd company

Mtel a.d. Banja Luka has 100% ownership in the LOGOSOFT d.o.o. Sarajevo, Bosnia and Herzegovina (www.logosoft.ba)

Mtel a.d. Banja Luka has 100% ownership in the Blicnet d.o.o. Banja Luka, Bosnia and Herzegovina (www.blic.net)

Mtel a.d. Banja Luka also participates in the related legal entities’ capital, as 49% ownership share in the MTEL d.o.o. Podgorica Montenegro (www.mtel.me)

Mtel a.d. Banja Luka has 100% ownership in the FINANC d.o.o. Banja Luka Company