Telekom Srbija’s subsidiary Mtel has officially become the sole owner of Banja Luka-based Elta Kabel, one of the largest cable TV and internet providers in Bosnia & Herzegovina.
Capital reports that as a result of the acqusition, and in line with its business strategy, Mtel will have invested around €150 million in Republika Srpska and Bosnia & Herzegovina this year.
As previously reported by Broadband TV News, the acquistion of Elta Kabel by Telekom Srbija’s Mtel was initailly opposed by the regulator RAK.
However, Mtel successfully acquired the operators Telrad and BlicNet.
