The company is owned by Telekom Srbija, and is the second largest telecommunications company in Bosnia and Herzegovina[2] and the biggest one listed on the Banja Luka Stock Exchange, with the market capitalisation of about 540 million euros.

Telekom Srbija, made the highest bid with 646 million euros for a 65% majority stake, while the second highest bidder was Telekom Austria with an offer of 467 million euros.

[3] The Government of Republika Srpska declared Telekom Srpske a company of strategic importance and, therefore, the state capital has been privatised according to the special privatisation program enacted by the Government.

The criteria that potential bidders had to fulfil, included a current minimum of 800,000 fixed-line and 1.5m mobile users, suggesting that the Government is hoping for an outside operator who is capable of investing in Telekom Srpske's infrastructure.

[citation needed] The company's main business is fixed and mobile telecommunications in domestic and international traffic.