MTEL stake eyed by Telekom Srpske

www.WirelessFederation.com/news: Amsterdam-based holding company Ogalar and Bosnian telco Telekom Srpske are in negotiation with each other regarding the purchase of a 49% stake in Montenegrin cellco MTEL.

The remaining 50 percent of MTEL is owned by Telekom Srbija whose 80 percent is owned by the Serbian government and 20% by Greece’s OTE. Meanwhile, 65 percent of Telekom Srpske is owned by Telekom Srbija and 25% owned by three funds based in Republika Srpska (10% by a privatization fund, 10% by the company’s Pension and Life Assurance Fund and 5% by its Restitution Fund).

10 percent of the company is owned by public.