Strætó bs (Icelandic pronunciation: ​[ˈstraiːtou]) is a public transport company which operates city buses in the Icelandic capital, Reykjavík and surrounding satellite towns and suburbs. The buses are bright yellow and are commonly called 'Strætó' by the locals, a shortened nickname for "strætisvagn" ('urban bus', literally "street carriage"). Strætó bs started operations on 1 July 2001 with the merger of SVR (Strætisvagnar Reykjavíkur) and AV (Almenningsvagnar). SVR previously operated in Reykjavík and nearby satellites in the northern part of the Capital region while AV covered the southern part of the area. Strætó bs is owned and run by the seven municipalities in the Capital area, i.e. Reykjavík, Kópavogur, Hafnarfjörður, Garðabær, Mosfellsbær, Seltjarnarnes and Álftanes.