Successful Year for BH Telecom: Profit Exceeds 113 Million KM

BH Telecom, the leading telecommunications operator in Bosnia and Herzegovina, will end 2014 with a profit exceeding 113 million KM, the company announced at its annual press conference held on Tuesday in Sarajevo, reports the Bosnian news agency Patria (NAP).

BH Telecom's revenues for 2014 will amount to around 580 million KM, expenses will be slightly over 466 million KM, while the realized profit will be around 113.4 million KM, which, according to the company's management, can be assessed as very good business performance, considering the weak purchasing power of citizens in BiH.

BH Telecom, as the largest and leading telecom operator in BiH, has more than 412,000 fixed-line telephone users, covering as much as 47% of the total market for these services in the country. BH Telecom's internet is used by more than 180,000 users, and Moja TV services are used by more than 118,000 BiH citizens.

BH Telecom's mobile network is used by as many as 1,634,600 users, representing 46.5% of the total number of mobile network users in BiH in 2014.

At BH Telecom's annual press conference, it was announced that the company continuously worked on improving infrastructure and services in 2014 to provide end users with top-quality services. The 2G network signal covers 99.4% of urban areas, i.e., 97.7% of BiH territory, while the 3G network signal covers 95% of urban areas, i.e., 71% of the total BiH territory. In the year drawing to a close, this company also implemented dozens of other projects that brought BiH to the level of modern European countries when it comes to telecommunications.

As a socially responsible company, BH Telecom allocated a multi-million amount in 2014 for co-financing the entire public, cultural, and sports life in BiH, writes Patria.