Court backs HT Mostar in Eronet dispute

23 Mar 2005

Bosnia and Herzegovina’s Supreme Court has backed a ruling by the Regional Court in Mostar that a disputed 51% stake in wireless operator Eronet should be returned to the fixed line operator HT Mostar. A group of three other local investors – Hercegovina Osiguranje, Alpina Komerc and the municipal council of Eronet’s home town of Grude – are claiming that they are the rightful owners of the stake, which was offloaded by Hercegovacka Banka when it entered receivership. HT Mostar says it should have been given first right of refusal when the bank decided to sell up. The group of three investors says it will appeal to Bosnia’s Constitutional Court. The remaining 49% of Eronet is held by HT Mostar’s part-owner T-Hrvatski Telekom, which is itself 51%-owned by Deutsche Telekom. Eronet has around 200,000 subscribers and approximately 15% of the Bosnia and Herzegovina mobile market.

Bosnia and Herzegovina, HT Mostar (HT Eronet),

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