Submarine cable co launches operation today
Bangladesh Telecom Company Limited, formerly BTTB, which makes its debut today as a public limited company, announced yesterday that it would offload shares in the next one year.The BTCL also has plans to offer a wide range of broadband internet services soon. Commenting on the new BTCL board, which is thickly populated by bureaucrats, its chairman Iqbal Mahmud said, "Undoubtedly, BTCL should go for private sector financing to become a core business organisation. And keeping that in mind, we plan to offload 100 percent shares of BTCL to the private sector within the next one year."Under the changed form, the government initially owns all shares of BTCL. Meanwhile, Bangladesh Submarine Cable Company Ltd (BSCCL), another new company, also launches its operation today. The government formed BSCCL as the sole distributor of submarine cable bandwidth, replacing BTTB.Brigadier General (Retd) MA Malek, in charge of the post and telecommunications ministry, briefed journalists at a press conference, organised by both the companies yesterday. ."We have no magic to change bad practices of dishonest employees overnight," Malek said, adding: " Anyone found guilty of malpractice will be dealt with accordingly." A total of 12,636 officials of former BTTB will automatically be absorbed in the BTCL. The telecom ministry in charge said BTCL has something lucrative to offer to its customers, and would gradually provide broadband internet and internet protocol based services, adding that the BTCL will provide the lowest landline tariff -- ranging from Tk0.10 to Tk.0.20 per minute -- to its customer within a very short time.The BTCL and BSCCL are valued at Tk15, 000 crore and Tk1, 000crore respectively, according to him. The main responsibility of BSCCL will be to sell bandwidth of the country's lone submarine cable.
Bangladesh Telecom Company Limited, formerly BTTB, which makes its debut today as a public limited company, announced yesterday that it would offload shares in the next one year.The BTCL also has plans to offer a wide range of broadband internet services soon. Commenting on the new BTCL board, which is thickly populated by bureaucrats, its chairman Iqbal Mahmud said, "Undoubtedly, BTCL should go for private sector financing to become a core business organisation. And keeping that in mind, we plan to offload 100 percent shares of BTCL to the private sector within the next one year."Under the changed form, the government initially owns all shares of BTCL. Meanwhile, Bangladesh Submarine Cable Company Ltd (BSCCL), another new company, also launches its operation today. The government formed BSCCL as the sole distributor of submarine cable bandwidth, replacing BTTB.Brigadier General (Retd) MA Malek, in charge of the post and telecommunications ministry, briefed journalists at a press conference, organised by both the companies yesterday. ."We have no magic to change bad practices of dishonest employees overnight," Malek said, adding: " Anyone found guilty of malpractice will be dealt with accordingly." A total of 12,636 officials of former BTTB will automatically be absorbed in the BTCL. The telecom ministry in charge said BTCL has something lucrative to offer to its customers, and would gradually provide broadband internet and internet protocol based services, adding that the BTCL will provide the lowest landline tariff -- ranging from Tk0.10 to Tk.0.20 per minute -- to its customer within a very short time.The BTCL and BSCCL are valued at Tk15, 000 crore and Tk1, 000crore respectively, according to him. The main responsibility of BSCCL will be to sell bandwidth of the country's lone submarine cable.
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