Flash Report /
Bangladesh

BTRC rejects Grameenphone’s effort for dialogue before court verdict

    IDLC Securities
    19 February 2020
    Published byIDLC Securities

    Grameenphone (GP) has once again approached the Bangladesh Telecommunication Regulatory Commission (BTRC) for a dialogue to solve the audit dispute. This time the company proposed an adjustable payment of BDT1bn (US$11.8mn) to the BTRC to start a mutual discussion. However, the BTRC rejected the proposal today.

    Note that tomorrow (20 February 2020), the Appellate Division of the Supreme Court will announce the verdict of GP's review appeal. The company filed the appeal on 26 January 2020 to pay BDT5.7bn (US$68mn) instead of BDT20.0bn (US$235mn), as asked by the Supreme Court earlier. The deadline to pay BDT20bn is 24 February 2020.