Bangladesh’s Daily Star has reported that state-run cellco Teletalk is finalising plans to raise BDT6 billion (USD72 million) from the capital market to expand its services via an initial public offering (IPO). The country’s telecoms minister, Shahara Khatun, said that the applications for an IPO and prospectus will be sent ‘by next month’ to the Securities and Exchange Commission (SEC) for approval.
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