mtel d.o.o. Podgorica

The main activity of the company is the provision of telecommunications services in the field of mobile and fixed wireless telephony, as well as Internet services.

In 2007, in a consortium with Ogalar B.V. Amsterdam, the parent company Telekom Srbija a.d. Beograd was granted a special license for the construction, possession and operation of a mobile public telecommunications network and the provision of mobile public telecommunications services, as well as a license for the provision of public telecommunications services via fixed wireless access (WiMax) in Montenegro. To that end, on April 4, 2007, a new legal entity, mtel d.o.o., was set up, in which Telekom Srbija a.d. Beograd is the majority founder holding 51% of the capital.

On February 1, 2010, an Agreement on the sale of a minority stake in the affiliate was signed between Ogalar B.V. Amsterdam and Telekom Srpske a.d. Banja Luka. On February 16, 2010, the Central Registry of the Commercial Court in Podgorica submitted a Certificate of Change of Founder in which the ownership transformation in mtel d.o.o. Podgorica was registered.

The ownership structure of the capital of the said affiliate based on an increase in capital is as follows:

    • Telekom Srbija a.d. Beograd 51%
    • mtel a.d. Banja Luka 49%.