CityCell must pay two-thirds of dues by 19 Oct or be shut down

22 Sep 2016

Struggling Bangladeshi CDMA mobile network operator CityCell must pay BDT3.184 billion (USD39.7 million) of its dues to the regulator by 19 October or have its licence revoked, the Supreme Court has ordered. The amount represents two-thirds of its total dues of BDT4.776 billion, including overdue spectrum fees, licence, revenue and late fees to the Bangladesh Telecommunication Regulatory Commission (BTRC). As reported by Bangladesh’s Daily Star, CityCell must pay the remaining BDT1.592 billion a month later. An unnamed senior official of CityCell was meanwhile quoted as saying that talks are continuing with potential buyers for the company, which is part-owned by Singapore’s Singtel; an offer from an unnamed Chinese investor was reportedly too low, whilst a bid ‘from Mexico’ was ‘deemed acceptable’ by CityCell but the transaction remains pending as the anonymous Mexican bidder ‘is facing problems remitting funds to Bangladesh’.

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