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 10, 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. ProMonte was rebranded as Telenor on May 18, 2010.
Telenor Montenegro currently has 175 base stations which cover all main roads, majority of tunnels and all the beaches and winter tourist centers in Montenegro. Telenor Montenegro's signal covers 98% of Montenegro's inhabited territory. Telenor Montenegro Sales network contains around 2100 points all over the Montenegro. The IMSI Network Code of Telenor Montenegro is 220-02 and there are two MSISDN Network Codes: 38269 and 38263, followed by 6-digit personal number.
Telenor Montenegro's signal covers a little area of Serbia, which uses GSM and GPRS technology, under the Network Code: 220-07.