Mobile sector drives record foreign investment

13 Jun 2005

The Bangladeshi mobile phone sector was one of the two biggest contributors to a 48% rise in direct foreign investment in 2004, according to a report by the Board of Investment. The report states that investment reached a new high of USD653 million, with more than 50% of the total coming from the wireless and energy sectors. Foreign companies own majority stakes in the country’s four cellcos, and have invested heavily in the last two years to expand their networks. 2004 saw the country’s mobile subscriber base rise by nearly two million to 3.762 million.

Bangladesh,

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