Cellular operator Warid Telecom Bangladesh has been ordered by the country’s Securities and Exchange Commission (SEC) to comply with legislation obliging any company with paid-up capital of more than BDT400 million (USD6 million) to convert into a public limited company (PLC). An SEC official told The Financial Express that the regulator is likely to launch legal action against private limited companies that fail to list themselves on the stock market. India’s Bharti Airtel acquired a 70% stake in Warid Telecom Bangladesh earlier this year, with the remainder, held by the Abu Dhabi Group, and the company is expected to be rebranded as Airtel Bangla by the end of this year.
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
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