"Telekom Srbija" announced business results of "Telekom Srpske" in 2007 - gross profit of 88.1m KM

Company "Telekom Srpske", 65% of which is owned "Telekom Srbija", realized incomes worth 391.3m KM in 2007, while the expenses amounted to about 303m KM - said the Executive Manager for Finance, Jasmina Lopičić.

At the press conference in Banjaluka, she said that the gross profit in 2007 amounted to 88.1m KM, 10% more than in 2006.

Estimating the operations of "Telekom Srpske" in 2007 as successful, CEO Predrag Ćulibrk said that the company constantly expanded and developed services and, in that way, increased number of users daily, both in mobile and landline telephony.

Ćulibrk said that "Telekom Srpske" had more than 1.3m subscribers, about 360,000 of whom were the users of landline telephony, over 950,000 were mobile telephony users (m:tel) and about 45,000 were Internet users.

- Last year, the number of users of mobile telephony in FEderation of BiH was increased from 10,000 to 120,000 - said Ćulibrk and added that mobile network "m:tel" covered about 85% of BIH.

According to his words, realization of planned projects for enhancement of quality of access networks, as well as the basis for supply of services of broadband Internet access, will start this year.

- Broadening of distributive network and opening of new retail spots in Sarajevo and Zenica and in some other parts of FEderation of BiH is also in the pipeline - said Ćulibrk.