Društvo za telekomunikacije MTEL d.o.o. Podgorica, doing business as m:tel, is a telecommunications company in Montenegro. It is a 51–49% joint venture between Telekom Srbija and Telekom Srpske (Telekom Srbija owns 65% of Telekom Srpske).
History
On 9 May 2007, the company obtained a licence to become the third mobile operator in Montenegro, along with a license for GSM and UMTS technologies. The company officially launched its business on 9 July 2007 using the 068 dialing prefix. Initially, the company was 51-49% joint venture between Telekom Srbija and Ogalar BV (Dutch-based company controlled by Delta Holding).
m:tel plans to invest €120 million, and eventually grow to 150 employees. Initially, its signal covered a relatively small area from Montenegrin coastline to capital Podgorica (about 30% of the country's territory). Initial goals were to have the m:tel signal available in most Montenegrin towns by September 2007. Plans to be achieved by the end of 2007 consisted of covering 90% of the country's territory and gaining 15-20% market-share in a country that at the time of m:tel's arrival had 690,000 mobile subscribers. The company announced plans to offer fixed telephony services as well as WiMax.
The company announced that it sold 12,000 prepaid packages with