Veon backs out of GTH acquisition
Veon has announced it has backed out of plans to acquire GTH assets in Pakistan and Bangladesh due to the falling Pakistani Rupee and the reaction from GTH shareholders.
Veon has announced it has backed out of plans to acquire GTH assets in Pakistan and Bangladesh due to the falling Pakistani Rupee and the reaction from GTH shareholders.
Bangladeshi operator Grameenphone will launch its 3G network beginning of October, according to local news reports, after it spent $210m on 10MHz of spectrum in the country’s recent 3G auction.
Bangladeshi broadcaster Maasranga, part of local conglomerate the Square Group, is upgrading its network to launch the first fully IP-based digital, HD and 3G-enabled rich media network in the country.
Indian operator Bharti Airtel said Tuesday it has agreed to acquire at 70 per cent stake in Bangladeshi service provider Warid Telecom backed by an investment totalling $1bn.
Two of the three WiMAX licence winners in Bangladesh, according to local reports, have missed the deadline to pay the full licence fee and are struggling to raise the necessary cash.
The leading Bangladeshi operator by subscriber numbers, Grameenphone, will extend the capacity of its all-IP core network. The Telenor Group company says the decision to add capacity comes about as a result of “tremendous” growth in subscribers over the past year and the resulting increase in traffic over the network. Informa Telecoms & Media estimates […]
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