Although many countries have already shut down 3G, the third generation of wireless mobile telecommunications technology, or announced phase-out plans, Bangladesh is yet to set a specific deadline as a chunk of customers still use it. With 4G being steadily deployed countrywide, operators are eyeing to phase out the technology …
Read More »Mobile phone subscribers snap four-month decline
The number of mobile phone subscribers in Bangladesh picked up in October snapping a four-month decline thanks to the stellar performance displayed by Banglalink. In October, mobile subscribers increased by more than 2 lakh from September’s to reach 18.16 crore, according to data from the Bangladesh Telecommunication Regulatory Commission (BTRC). …
Read More »Automation needed to remove barriers to VAT collection
Finance minister AHM Mustafa Kamal on Saturday said that automation of the value-added tax system was the key to removing barriers to tax collection to achieve a sustainable growth of the country. He made the statement as chief guest at a programme organised by the National Board of Revenue marking …
Read More »Nagad to receive award from NBR as one of top VAT payers
Nagad, the mobile financial service of the Bangladesh Post Office, has come out as one of the top VAT payers in the country in only three years since it embarked on its journey. The National Board of Revenue (NBR) has already declared Nagad Limited as the third highest VAT-paying company …
Read More »Edotco Bangladesh celebrates 15,000 towers milestone
Edotco Bangladesh, an integrated telecommunications infrastructure services company, recently achieved the brand-new milestone of establishing 15,000 towers as the first tower company in the country. This remarkable milestone is a testament to Edotco Bangladesh’s steadfast commitment to meeting customers’ growing connectivity demand through the fastest and most efficient deployment of …
Read More »Regulator working to ‘keep mobile internet price at tolerable level’
Post and Telecommunications Minister Mustafa Jabbar on Monday said the telecom regulator is working to keep mobile internet prices at a tolerable level. “We introduced unified broadband internet prices. Now we are working to set mobile internet prices at a level affordable for all,” the minister said, while speaking as …
Read More »Accelerating Asia invests in Bangladeshi startup Hishabee
International early-stage VC fund, Accelerating Asia has announced its latest round of investments on Tuesday, with ten new companies joining Cohort 7 of the flagship program, which includes Bangladesh-based startup Hishabee. Hishabee, is a Bangladesh-based startup that helps small businesses reduce bottlenecks, lower overheads and open revenue streams by providing …
Read More »Bangladesh Bank allows export income, remittance through MFS
Dhaka, Nov 16: Bangladesh Bank has allowed mobile financial service (MFS) providers to repatriate (conversion of foreign currency into local currency) export income and inward remittance, reports UNB. All authorised dealers will provide encashment certificate to MFS providers against inward remittance, on account of information technology enabled services (ITES) exports. …
Read More »Transactions thru MFS drop for second month
Transactions through mobile financial services (MFS) dropped for a second month consecutively in August as the festival season started to flatten amid the economic downturn. The volume of transactions declined by Tk 1,723 crore to Tk 87,446 in August compared to Tk 89,169 crore a month earlier. MFS transactions had …
Read More »In spite of declining customer growth, GP reports 5.7% revenue increase in the third quarter
In the first nine months of the current year, Grameenphone, the largest telecom provider in the nation, recorded total revenues of Tk11,286.75 crore. According to the operator’s financial reports, it registered a growth of 5.7% from the same period last year. The growth comes despite losing 2.9 million subscribers in …
Read More »