Public Basic State Enterprise for Telecommunications of Republika Srpska, Banja Luka was registered, which operated as a company in full state ownership until December 12, 2002, when ownership transformation was carried out into a joint stock company, and the name was changed to Telekomunikacije Republike Srpske a.d. Banja Luka.

Postal, telegraph and telephone services in Republika Srpska were provided within the Unified Public Enterprise for PTT Traffic of Republika Srpska.

Division into two new enterprises was carried out: JODP Telekom Srpske and JODP Srpske Pošte, in accordance with the Law on Communications Systems, Radio Traffic and Postal, Telegraph and Telephone Traffic.

Privatization of 20% of state capital through voucher offer (10.5% to Privatization-Investment Funds, 9.5% to individuals). The remaining 80% (state capital 65%, Pension and Disability Insurance Fund 10%, and Restitution Fund 5%) was privatized through the Special Privatization Program of the Government of Republika Srpska, in accordance with the Law on Privatization of State Capital in Enterprises.

Name change to Telekomunikacije RS, a.d. Banja Luka and status change to joint stock company was registered by Decision of the Basic Court in Banja Luka.

Ownership transformation by selling the entire share of state capital to Telekom Srbija , a.d. Belgrade, based on the Decision of the Basic Court in Banja Luka.