BH Telecom, a state-owned company headquartered in Bosnia and Herzegovina, was founded in 1997, employs approximately 960 individuals, and reported $292.3M in revenue as of 2024. Functioning as a tier 1 media tech buyer, the company operates as a telecommunications provider.
BH Telecom CEO Amel Kovačević discussed regional players' interest in acquiring Telemach on April 7, 2026, addressing potential risks and political criticism regarding a reported €100 million difference in valuation for the acquisition. Previously, on March 12, the state-owned operator reported a 10% increase in net profit to BAM 69.0 million for 2025, with revenues rising almost 2% to BAM 566.1 million, while operating expenses grew 1.3% to BAM 489.8 million. This followed the company's announcement on March 9 that it would secure a syndicated loan of 390 million marka ($230 million/199.4 million euro) from eight local banks to finance the planned acquisition of Telemach, a unit of Southeast Europe-focused United Group, in the local market and Montenegro. Earlier, on February 18, BH Telecom revealed plans to gradually shut down its 3G technology starting March 31, 2026, as part of a network upgrade transitioning services to its modern 4G+ network.
BH Telecom offers 7 products in the media and telecoms services industry. BH Telecom's product portfolio comprises of media and TV services, consumer electronics and telecoms.
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BH Telecom's revenues were less than $500M in 2024. Caretta Research has split BH Telecom's revenue into 7 different product categories, the largest of which is mobile services. For full access to BH Telecom's revenue breakdown subscribe to Caretta Portal.
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