Banglalink weighing up stock market listing
Bangladesh’s second largest mobile operator Banglalink is considering a stock market listing, according to local reports.
The Financial Express newspaper claims that the firm could list if the government’s forthcoming budget reduces taxes on telecoms…
Bangladesh’s second largest mobile operator Banglalink is considering a stock market listing, according to local reports.
The Financial Express newspaper claims that the firm could list if the government’s forthcoming budget reduces taxes on telecoms companies. The president of the Dhaka Stock Exchange, Shakil Rizvi, has reportedly held talks with Banglalink CEO Ahmed Abou Doma about the possibility of an IPO, although no timeframe for such a deal has been offered.
Banglalink, a wholly owned subsidiary of Orascom Telecom with over 14 million subscribers, is looking for a source of funding to compete in Banladesh’s 3G auction which is expected to take place later this year.
