BVI Company News

WorldTel Bangladesh, a private telecommunications company whose major owner is BVI-based World Communications Investment, has told local newspaper The Financial Express that the expected launch of fixed telephony services in the country’s capital Dhaka is delayed.

The BVI-owned company has obtained a license to build, own and operate a 300,000-line telephone network in Dhaka. Earlier WorldTel informed about its plans to install about 300,000 fixed-line telephones in the national capital, with initial offering of 100,000 connections, the network for which is supplied mainly by Chinese vendor ZTE. The deadline for this first launch phase was set at November 2006, but now it is deferred. The reason for this is political turmoil in the country. Nayeem M. Chowdhury, CEO of WorldTel Bangladesh, said in his statement: “We have completed the construction of our network covering Dhaka… This technology is cost-effective and of good quality.”

According to TeleGeography’s GlobalComms database, WorldTel is the only private fixed line operator licensed in the capital of the country, and the first CDMA-based WiLL services were planned to be launched by October 2005. However, the company has since repeatedly deferred its launch, missing this deadline and the further deadlines in December 2005, March 2006 and June 2006.

Bangladesh, a nation of 144 million people, has about 1 million fixed-line phones, mostly provided by state-owned BTTB and other private operators.

This entry was posted on Monday, December 11th, 2006 at 5:44 pm and is filed under BVI Company & Subsidiary Financials, BVI IBC Business News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.