BH Telecom has officially submitted a request to the Competition Council of Bosnia and Herzegovina for the acquisition of Telemach. The transaction will also be submitted for consideration to the competent competition authority in Montenegro. This strategic move aims to strengthen BH Telecom's leading position in the telecommunications market in Bosnia and Herzegovina and improve the quality of services for customers, BH Telecom stated in a press release today.

"Submitting the application to the Competition Council of BiH represents a key step towards the realization of this acquisition. We believe that the combination of the capacities of BH Telecom and Telemach will bring a new era of telecommunications services in Bosnia and Herzegovina and Montenegro. Our vision is to launch digital innovations that bring the most advanced technologies to users. This is not just a business venture - this is an investment in the digital future of our country," said BH Telecom CEO Amel Kovačević.

United Group CEO Victoriya Boklag said: “This is an important milestone for United Group, BH Telecom and Telemach. By handing over the baton to BH Telecom, we are confident that Telemach’s legacy of innovation and quality will continue to flourish. This transition reflects our commitment to creating lasting value for our partners and customers, and we are proud to have built a company that has set high standards in the telecommunications industry in Bosnia and Herzegovina and Montenegro. We look forward to BH Telecom continuing this and bringing even greater benefits to customers and the market.”

The managements of both companies emphasize their commitment to transparency and professional cooperation throughout the entire acquisition process. Users and the public will be informed in a timely manner about the decision of the Competition Council of BiH.

This acquisition represents a pivotal moment for BH Telecom and Telemach, and promises to transform the telecommunications landscape in Bosnia and Herzegovina and Montenegro. Together, the companies aim to continuously drive innovation and deliver enhanced services to customers, while ensuring a smooth transition.

Both parties are continuing to negotiate a sales agreement and aim to sign it shortly after receiving approval for the merger.