GrameenPhone contests USD395m audit demand

5 Oct 2011 reports that the Bangladesh Telecommunications Regulatory Commission (BTRC) has asked the nation’s largest cellco GrameenPhone to pay ‘overdue’ fees and taxes of BDT30.34 billion (USD395 million) following an independent audit. The amount demanded by the regulator includes BDT21.46 billion of BTRC fees and BDT8.87 billion payable to the National Board of Revenues (NBR), according to a letter sent by the BTRC to the company on Monday. BTRC chairman Zia Ahmed told bdnews that the audit had found that the GSM operator had ‘left the amount unpaid’, and asked the firm to pay the regulatory fees portion of the total within 21 days of the notice, plus the NBR revenues segment ‘in due time’. GrameenPhone stated that it would dispute the claim, and indicated that the independent auditor had not been in full possession of the facts needed to carry out the audit.

Bangladesh, GrameenPhone,


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