Mtel, also known as m:tel, is a privately owned telecommunications company headquartered in Bosnia and Herzegovina. It operates as a subsidiary of MTS (Telekom Srbija). Founded in 2007, the company employs approximately 2,070 individuals and reported $264.0M in revenue as of 2024. Mtel operates as a tier 1 media tech buyer. Legally known as m:tel a.d. Banja Luka, and formerly as Telekom Srpske a.d. Banja Luka, the company specializes in providing telecommunication services.
M:tel reported a 47.71% increase in net profit to BAM 43 million for the first half of 2026, compared to the same period in 2025, driven by robust service revenue and solidifying its dominant position in Bosnia and Herzegovina's telecommunications sector. Previously, on April 21, 2026, Mtel selected SmartViser's viSer Neo and viSer Neo+ solutions to enhance its testing capabilities and ensure superior service quality across its mobile services. This followed Mtel's introduction on February 1, 2026, of an improved mobile internet roaming service for all postpaid users, designed to offer greater security and clearer control over expenses. Concurrently, Mtel implemented changes to its General Terms of business for providing services in the public mobile electronic communication network, effective February 1, 2026, which included the deletion of points 10.2, 10.3, and 10.7 related to roaming services of other mobile networks.
Mtel offers 6 products in the media and telecoms services industry. Mtel's product portfolio comprises of telecoms and media and TV services.
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Mtel's revenues were less than $500M in 2024. Caretta Research has split Mtel's revenue into 6 different product categories, the largest of which is mobile services. For full access to Mtel's revenue breakdown subscribe to Caretta Portal.
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