BH Telecom value down significantly from last year

15 Oct 2008

As the protracted privatisation process of state-owned telco BH Telecom continues, the operator’s value has plunged this year, Limun.hr is reporting. Issues appointing a supervisory board for the company, coupled with the current global financial crisis, have seen the operator’s share value drop drastically, with the current market value calculated at BAM1.2 billion (USD839 million); by comparison the value a year ago the operator was valued at BAM4 billion. The government of the Federation of Bosnia and Herzegovina (FBiH) has reiterated however that it intends to continue with plans to privatise the operator, along with fellow state-owned telco HT Mostar, with the process due to be discussed in parliament in the coming weeks. FBiH Prime Minister Nedzad Brankovic said, ‘The process does not need to be suspended. Current market value and the real value of BH Telecom are two different things… Besides, we can always set a lower threshold for the minimum amount we would accept for the company.’

Bosnia and Herzegovina, BH Telecom, HT Mostar (HT Eronet),

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