Nine cos vying to operate wireless broadband
Friday, 12 September 2008
Nine companies are vying to operate Broadband Wireless Access (BWA) services in Bangladesh, reports bdnews24.com.
Thursday was the deadline for submission of bids to Bangladesh Telecommuni-cation Regulatory Commission (BTRC), who will issue three licenses.
BTRC, who invited bids in August, said a total of 12 bid documents were sold, with nine companies eventually submitting bids.
Auction for the licenses will be held on September 24.
According to the BWA guidelines, foreign equity is limited to a maximum 60 per cent for set up. For non-resident Bangladeshis (NRBs) a maximum 70 per cent foreign direct investment (FDI) is allowed.
Foreign investment shall be made in foreign currency directly equal to percentage of ownership. No bank loan from any Bangladeshi scheduled bank, financial institution or leasing company can be raised for the foreign portion of the investment.
Mobile operators in Bangladesh and anyone having invested in any of these companies will not be allowed to bid for a BWA license.
The licensee has to file for initial public offering (IPO) within three years of the issuance of a license.
The licensee shall not be allowed to transfer any share before issuance of the IPO without prior written permission from the Commission.
The license acquisition fee is to be fixed by auction, and the annual license fee is Tk 30 million.
Thursday was the deadline for submission of bids to Bangladesh Telecommuni-cation Regulatory Commission (BTRC), who will issue three licenses.
BTRC, who invited bids in August, said a total of 12 bid documents were sold, with nine companies eventually submitting bids.
Auction for the licenses will be held on September 24.
According to the BWA guidelines, foreign equity is limited to a maximum 60 per cent for set up. For non-resident Bangladeshis (NRBs) a maximum 70 per cent foreign direct investment (FDI) is allowed.
Foreign investment shall be made in foreign currency directly equal to percentage of ownership. No bank loan from any Bangladeshi scheduled bank, financial institution or leasing company can be raised for the foreign portion of the investment.
Mobile operators in Bangladesh and anyone having invested in any of these companies will not be allowed to bid for a BWA license.
The licensee has to file for initial public offering (IPO) within three years of the issuance of a license.
The licensee shall not be allowed to transfer any share before issuance of the IPO without prior written permission from the Commission.
The license acquisition fee is to be fixed by auction, and the annual license fee is Tk 30 million.