The State of Bangladesh is considering listing part of its stake in Teletalk.
The firm has already put plans in place for a domestic listing for later this year, according to telecommunications secretary Sunil Kanti Bose.
It is thought that 25% will be…
The State of Bangladesh is considering listing part of its stake in Teletalk.
The firm has already put plans in place for a domestic listing for later this year, according to telecommunications secretary Sunil Kanti Bose.
It is thought that 25% will be listed.
The proceeds of the IPO will go towards network upgrades, for which the firm will pay around US$260m.
In addition, the upgrades will also be funded by a US$211m loan from China Exim Bank.
Teletalk is the smallest operator in Bangladesh, which has six mobile firms, with only 1 million subscribers.Source: