Orascom Telecom Bangladesh in $263m license renewal

Author: 
REUTERS
Publication Date: 
Tue, 2011-09-27 16:12

Orascom Telecom Bangladesh received the renewal guidelines, which include details of the fees, for its 2G license after a year of negotiations with the government.
The new guidelines set by the Bangladesh Telecommunication Regulatory Commission stated the license will be valid for a 15-year period, OT said.
Apart from Orascom’s Banglalink, three mobile operators, including top carrier Grameenphone, third-ranked player Robi and fifth-ranked Citycell, a joint venture between Pacific Bangladesh Telecom Limited and Singapore Telecommunications, will have to pay fees to renew their 2G licences.
At the end of August, the number of mobile phone users in Bangladesh stood at 79.68 million, of which Banglalink’s subscriber base was 21.62 million.
In comparison, top operator Grameenphone, majority owned by Norway’s Telenor, had nearly 35 million subscribers and third-ranked Robi, majority owned by Malaysia’s Axiata Group, had 15 million users.
Bangladesh’s mobile sector has grown rapidly in recent years, helped by fierce competition among the country’s six operators and by steady economic growth.
The mobile sector is expected to grow to 120 million subscribers over the next five years, telecoms analysts have said. 
Mobile phone services have emerged as an important contributor to the cash-strapped nation’s economy. 

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