HT Eronet
HT Eronet, doing business as JP Hrvatske telekomunikacije d.d. Mostar, is a telecommunications company in Bosnia and Herzegovina. The company was created on after separating Hrvatska pošta Mostar (HP) and Hrvatske telekomunikacije (HT).
| Joint-stock company | |
| Traded as | SASE: HTKMR |
| Industry | Telecommunications |
| Founded | 1 January 2003 |
| Headquarters | Kneza Branimira bb, 88000 Mostar , |
Key people | Vilim Primorac (General director) |
| Products | Mobile telephony Fixed telephony broadband internet IPTV IT and network services |
| Revenue | €100,21 milion (2019) |
| Owner | Federation of Bosnia and Herzegovina (50%) Hrvatski Telekom (39%) |
Number of employees | 1,382 (2019) |
| Website | hteronet |
History
HT Mostar was founded on 1 January 2003. Based on Company reorganization on 24 November 2006, HT Mobilne d.o.o. merged with HT Mostar thus becoming an integral part of the public company HT d.o.o. Mostar.[1] On 1 April 2009, the Assembly of the Company passed a decision on the re-registration of the Company from a limited liability company to a joint stock company. The re-registration was made on 8 June 2009, and the shares of the Company were listed on the Sarajevo Stock Exchange.
The three main TLC operators in Bosnia and Herzegovina have strong links to political parties. In 2003, an OHR-mandated audit revealed that BH Telekom, RS Telekom and HT Mostar suffered substantial misure of funds, corruption and mismanagement, with a total loss of USD 57 million in 2002. Pressure for reform was raised by the public revelation of high salaries and financial support to political parties. [2]
Yet, telecom companies continued being used as cash-machines by Bosnian political parties. In 2010, a U.S. cable defined Eronet and HT Mostar as HDZ BiH's "traditional cash cow", noting how "As Federation Minister of Finance in 1999, Covic helped arrange the transfer of Eronet to three private companies owned by HDZ-BiH interests. [Stipe] Prlic, as HT Mostar's General Manager, challenged the privatization in court and won, arguing that the Federation government had not authorized it. Covic has fought Prlic's reappointment ever since."[3][4]
Owner structure
HT Mostar owners are: Government of the Federation of Bosnia and Herzegovina (FBiH) (50,10%), Hrvatski telekom (HT) (39,10%), Hrvatska pošta (HP) (5,23%) and small shareholders (5,57%).
References
- "Hrvatske telekomunikacije dd Mostar company was created by separating Hrvatska pošta i telekomunikacije into Hrvatska pošta (HP) and Hrvatske telekomunikacije (HT)". commsupdate.com. 30 October 2006.
- Nations in Transit, 2004
- Wikileaks, SARAJEVO 00000061 001.2 OF 002
- Scoop.co.nz