Senior Correspondent, bdnews24.com
Published: 2017-07-13 19:10:48 BdST
The investments will be made if a favourable investment and regulatory framework were found, Veon’s Chief Executive Jean-Yves Charlier said at a media briefing in Dhaka on Thursday.
Banglalink is fully owned by Telecom Ventures, a subsidiary of Global Telecom Holding, 51.9 percent of which is owned by Netherlands-headquartered Veon, according to Banglalink’s website.
“Veon is keen to position Banglalink as a leading provider of connectivity and internet opportunities.”
“The combined financial burden of a disproportionate tax regime for the telecommunications sector and the significant cost of spectrum constitute an obstacle that must be addressed,” he told reporters at Sonargaon Hotel.
“The tax burden and spectrum fees per MHz are amongst the highest when compared to international benchmarks. This will impact the investment capacity in 3G and 4G networks thus the customer experience,” he added.
Erik Aas, CEO of Banglalink, Taimur Rahman, chief corporate and regulatory officer, and Asif Ahmed, head of corporate communications, were present.
Banglalink currently has more than 32 million subscribers, according to the Bangladesh Telecommunication Regulatory Commission.