Profits up, down at HT Mostar, BH Telecom

14 May 2012

Majority state-backed Bosnian cellular, fixed and broadband operator HT Mostar has reported that its net profit for the full-year 2011 rose by 32.1% to BAM10 million (USD6.6 million), up from BAM7.6 million in 2010. Elsewhere, another state-controlled Bosnian telco, BH Telecom, reported a drop in its 2011 annual net profit to BAM134.3 million, down by 2.4% from the BAM137.6 million figure it posted for 2010. According to TeleGeography’s GlobalComms Database, HT Mostar is 50.1% owned by the government of the Federation of Bosnia and Herzegovina while Croatia’s T-Hrvatski Telekom (T-HT), part of the Deutsche Telekom group, holds a 39.1% stake. BH Telecom is owned by the government (90%) and private shareholders (10%). The database notes that in January 2012 Bosnia’s Minister of Transport and Communications, Enver Bijedic, had suggested the government was examining the possibility of merging BH Telecom and HT Mostar. Such a move, the minister noted, could improve efficiency and better place both telcos to deal with increased competition from rival Telekom Srpske.

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

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