BH Telecom

Last updated
BH Telecom d.d. Sarajevo
Type Joint-stock company
SASE: BHTSR
Industry Telecommunications
Founded1997;26 years ago (1997)
Headquarters Sarajevo, Bosnia and Herzegovina
Area served
Bosnia and Herzegovina
Key people
Amel Kovačević (CEO, General Manager)
Products
Revenue €486.1 million (2019 [1] )
€50.09 million (2019 [1] )
Total equity €1.260 Billion (2019 [1] )
Owner Federation of Bosnia and Herzegovina (90%), free float (10%)
Number of employees
3,242 (2019 [1] )
Website www.bhtelecom.ba

BH Telecom is a Bosnian telecommunications company, headquartered in Sarajevo, Bosnia and Herzegovina.

Contents

History

Established in 1992 amidst the breakup of Yugoslavia, this company was the first in Bosnia and Herzegovina to provide GSM, 3G, IPTV, and other services. [2] Initially, it operated as a government-owned entity, exclusively owned by the Federation of Bosnia and Herzegovina. In 2004, it became a publicly listed company, with the majority of its shares still held by the government. [3] While stock owners hold both governance and ownership rights, the strategic distribution of capital results in the company effectively remaining under government direction and management.[ citation needed ]

Company profile

The General Directorate of the company is located in Sarajevo, with seven regional directorates spanning the entirety of Bosnia and Herzegovina. These regional offices are located in Tuzla, Zenica, Mostar, Bihać, Travnik, Brčko and Goražde. [4] The company also includes Telecom Inženjering, the tenth-largest organizational unit in Bosnia and Herzegovina, headquartered in Sarajevo.[ citation needed ]

At the end of 2003, BH Telecom Sarajevo had 454 installed switches (98 HOSTs and 356 Remote Units, with totally 648.527 installed connections), having 86.3% digitalization.[ citation needed ] Transmission system of the company had 100% digitalization.[ citation needed ]

In 2003, BH Telecom began with a major introduction of broadband technology. In April 2019, the company released LTE-A commercially in most major cities in the country. [5]

In May 2013, BH Telecom started testing and implementing 4G technology. [6]

In April 2022, the US Treasury added Bosnian MP Asim Sarajlić to the Specially Designated Nationals List under Executive Order 14033, noting in the reasoning that, among other things, "Sarajlic has also abused his position in relation to BH Telecom, a large BiH state-owned enterprise. In this capacity, Sarajlic personally accepted from payment from job applicants in exchange for positions, and otherwise exerted inordinate influence over the hiring process. As part of this activity, Sarajlic recommended candidates who were reportedly severely underqualified, undermining the integrity of the company." [7] [8]

See also

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References

  1. 1 2 3 4 "Top lista po ukupnim prihodima na nivou Federacije, za sve kompanije". fia.ba (in Bosnian). Finansijsko-informatička agencije BiH. Retrieved 14 October 2018.
  2. ↑ "Archived copy" (PDF). Archived from the original (PDF) on 2015-10-02. Retrieved 2015-09-19.{{cite web}}: CS1 maint: archived copy as title (link)
  3. ↑ "Bosnia to sell minority stake in BH Telecom", Telecompaper, 28 July 2015.
  4. ↑ "BH Telecom: Organization". Archived from the original on 2015-04-04. Retrieved 2015-09-19.
  5. ↑ "Isprobali smo 4G mrežu u Sarajevu: Brzine i do 230 MBPS".
  6. ↑ "BH Telecom dogovorio implementaciju pilot projekta za LTE (4G) mrežu".
  7. ↑ "Balkans-related Designations and Designations Removals". U.S. Department of the Treasury. Retrieved 2022-04-11.
  8. ↑ home.treasury.gov
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