BH Telecom faces shutdown due to lack of supervisory board member

6 Dec 2010

BH Telecom has been warned that it could be forced to halt operations by the Securities Commission of the Federation of Bosnia and Herzegovina, Balkans.com reports. It is understood that such a move could be made because BH Telecom has only elected six members to its supervisory board, one less than required by the operator’s legal provisions. The telco voted in the current six members in May 2010 for a transitional period of 90 days, and it is has now been given until 23 December 2010 to hold a shareholder’s meeting and elect a board that fulfils its legal obligations. The Securities Commission meanwhile has also reportedly pointed out that any decisions made by the current board could be re-examined.

Bosnia and Herzegovina, Bhutan Telecom (inc. DrukNet),

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