Montenegro

Mtel is a telecommunications company in Montenegro. It is a 51-49% joint venture between Telekom Srbija and Ogalar BV (Dutch-based company controlled by Delta Holding). 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.

T-Mobile brand entered the Montenegrin market in 2006 through the acquisition of MoNet GSM mobile provider. T-Mobile Montenegro (T-Mobile Crna Gora) is fully owned by T-Crnogorski Telekom, which is itself owned by Magyar Telekom, a subsidiary of Deutsche Telekom. Although the acquisition by Magyar Telekom was done in 2005, it was not until September 26, 2006 that the MoNet GSM operator was re-branded as T-Mobile Montenegro.

In November 1995, PTT of Montenegro and European Telecom Luxembourg signed a contract on establishing a limited liability company in the aim of obtaining a mobile telephony license in Montenegro. Then in January 1996, consortium ETL and PTT of Montenegro obtained a 20-year concession for establishing a GSM 900 mobile network in Montenegro. Then ProMonte was founded two months later, in March 1996. The first mobile telephony call made in Montenegro was on July 10th, 1996. In December 2001, ProMonte obtained a 15-year license, letting it use GSM 900 and DCS 1800. At the same time, PTT of Montenegro sold ETL its 9% of ProMonte shares. On August 11, 2004, Telenor has completed the acquisition of an additional 55.9% of the shares in ProMonte, and became the 100% owner of ProMonte.