Orascom Telecom Bangladesh in $263 mln licence renewal

Reuters, Monday 26 Sep 2011

Egyptian group Orascom Telecom's Bangladesh unit will pay 19.8 billion taka ($263 million) over three years as spectrum and licence renewal fees, it said on Monday.

Orascom Telecom Bangladesh received the renewal guidelines for its 2G license after a year of negotiations with the government.

The new guidelines set by the Bangladesh Telecommunication Regulatory Commission stated the licence will be valid for a 15-year period, OT said. 

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