This paper addresses the robust stability of teleoperated systems under the four-channel architecture, affected by time-varying communication delays and using disturbance observers. It is based on our previous work which provides a framework for robust stability against delays with bounded variation and a bounded time-derivative, using structured singular values (SSV). The main new feature here is the inclusion of disturbance observers (DOBs). The DOB concept is well-documented and relevant to many applications, since only position (but not force) measurements are usually available. In this paper, we adapt two DOBs (master and slave) to our generic framework, by representing them as stable, fast filters affected by the uncertainty in the plant modelling. Our main result is an SSV test to verify robust stability. The simulation results confirm the usefulness of this approach.