Fiber @ Home to invest Tk 650m for expanding optical fibre network
Sunday, 1 November 2009
Fiber @ Home Limited in collaboration with some financial institutions of the country will invest Tk 650 million for expanding optical fibre-based common transmission network in the country.
In this connection, Fiber @ Home Limited and AB Bank Limited signed a memorandum of understanding (MoU) with a number of financial institutions in the city Wednesday, said a press release.
Fiber @ Home Limited Managing Director Moynul Haque Siddiqui and AB Bank Managing Director Kaizer A Chowdhury signed the MoU on behalf of their respective organisations.
In a bid to facilitate the information technology service across the country through building a common transmission network, under the management of the AB Bank, Infrastructure Development Company (IDCOL), Shahjalal Islami Bank Limited, IDLC Finance Limited, Bangladesh Industrial and Agricultural Investment Company Limited (SABINCO) have approved the syndicated investment of Tk 650 million for the first phase.
Fiber @ Home received Nationwide Telecommunication Transmission Network (NTTN) licence from the Bangladesh Telecommunication Regulatory Commission (BTRC) in January this year to build nationwide telecommunication transmission network, maintain and operate a completely secured, structured commonly utilisable NTTN for leasing out to the Access Network Service (ANS) providers.
The Fiber @ Home has already built network in different areas of the capital including Uttara, Baridhara, Gulshan, Banani, Mohakhali, Tejgaon, Mogbazar, Motijheel and Dhanmondi.
In this connection, Fiber @ Home Limited and AB Bank Limited signed a memorandum of understanding (MoU) with a number of financial institutions in the city Wednesday, said a press release.
Fiber @ Home Limited Managing Director Moynul Haque Siddiqui and AB Bank Managing Director Kaizer A Chowdhury signed the MoU on behalf of their respective organisations.
In a bid to facilitate the information technology service across the country through building a common transmission network, under the management of the AB Bank, Infrastructure Development Company (IDCOL), Shahjalal Islami Bank Limited, IDLC Finance Limited, Bangladesh Industrial and Agricultural Investment Company Limited (SABINCO) have approved the syndicated investment of Tk 650 million for the first phase.
Fiber @ Home received Nationwide Telecommunication Transmission Network (NTTN) licence from the Bangladesh Telecommunication Regulatory Commission (BTRC) in January this year to build nationwide telecommunication transmission network, maintain and operate a completely secured, structured commonly utilisable NTTN for leasing out to the Access Network Service (ANS) providers.
The Fiber @ Home has already built network in different areas of the capital including Uttara, Baridhara, Gulshan, Banani, Mohakhali, Tejgaon, Mogbazar, Motijheel and Dhanmondi.