TM’s Indian partner looking to Spice up Bangladeshi market

8 Mar 2007

Regional Indian cellco Spice Communications is aiming to buy a stake in one of Bangladesh’s GSM operators, and says it has initiated talks with potential targets in cooperation with its 49%-owner Telekom Malaysia. Spice, majority-owned by Indian firm MCorp Global, is also believed to have appointed an advisor to shortlist possible acquisitions in the neighbouring country. Spice has not named the companies it has spoken to, but its chairman, B K Modi, confirmed that: ‘We are looking at expanding our presence [into] Bangladesh as we feel that there is lot of potential for telephony growth in that country. The country is emerging as a major player in mobile communications and we are looking at setting up brownfield operations.’ According to TeleGeography’s GlobalComms database, Spice had 2.45 million GSM subscribers in the Punjab and Karnataka telecoms circles at the end of 2006.

Bangladesh, Spice Communications,


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate



Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.