Telekom Srpske records 10.2% increase in profit in 9M 2014

4 Nov 2014

Bosnian operator Telekom Srpske, which offers its services under the m:tel banner, has reported a 10.2% year-on-year increase in profit to BAM86.8 million (USD55.5 million) in the nine months ended 30 September 2014, Reuters reports. With revenue for the period under review also said to have increased to BAM367.6 million, representing a 3.2% increase from the first nine months of 2013, a company’s filing on the Banja Luka Stock Exchange claimed that, thus far, the country’s economic crisis ‘has had a very limited and indirect impact on the financial condition and performance of the group’.

In operational terms, at the end of September 2014 m:tel’s mobile subscriber base stood at 1.405 million, up from 1.379 million at the end of the previous quarter, but down from the 1.421 million it reported at end-September 2013. Fixed telephony accesses, meanwhile, totalled 282,987, down from 292,630 at the end of 2013.

Also of note, in its quarterly financial report m:tel confirmed that it has now acquired a majority stake in Sarajevo-based alternative operator Logosoft, with the latter company having been under its control since 1 October 2014.

Bosnia and Herzegovina,LogoSoft (incl. Go! Free), Telekom Srpske (m:tel),

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