telecommunications — english language news service
02.07.2008« [telecommunications — телекоммуникация — telekommunikation]
bangladesh — bttb’s assets transferred to new company
The assets and liabilities of state-owned incumbent telco Bangladesh Telegraph and Telephone Board (BTTB) were officially transferred to the newly-formed public limited company Bangladesh Telecom Company Limited (BTCL) yesterday, reports bdnews24.com. BTCL and another new public limited firm, Bangladesh Submarine Cable Company, have been spun off from BTTB, which has now been officially dissolved. BTCL announced that it would offload shares to investors on the stock market in phases. The combined assets of BTTB have been estimated at around USD2.22 billion, but DataCon, a German firm entrusted with the job of valuing the assets, failed to submit its report by the 30 April deadline and missed an extended deadline on 30 June. Another company will now be contracted to carry out the valuation.
Source: TeleGeography's CommsUpdate
bttb (bangladesh telegraph and telephone board)
The Bangladesh Telegraph and Telephone (T&T) Department was created under the Ministry of Posts & Telecommunications after the independence of Bangladesh in 1971 to run the telecommunication services on a commercial basis. In 1979, Bangladesh T&T Department was restructured into Bangladesh Telephone and Telegraph Board (BTTB) with a mandate to provide basic telecommunication services throughout the country. Today 'BTTB' provides land-line telephone services in the urban areas, domestic long-distance and international services. Though the Bangladeshi government has given out nationwide PSTN licences the lucrative Dhaka market (which account for majority of the nationwide market) is still under the monopoly of BTTB. In 2004, BTTB launched a mobile subsidiary called Teletalk.
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