Bizdata Insights Main Logo

BizData Insights

ADN Telecom to Produce Telecom Devices Domestically

Industry: Information Technology (IT), Telecom & Mobile
Company: ADN Telecom Limited
Company Intelligence Tag: Business Insights

ADN Telecom’s decision to establish manufacturing facilities for telecommunication devices locally in Bangladesh reflects a strategic move towards reducing import dependency and promoting domestic production in the telecommunications sector. By availing land at the Bangabandhu Sheikh Mujib Hi-Tech Park in Sylhet, the company aims to leverage the benefits of a specialized industrial zone to develop facilities of international standards.

While the company is still in the initial stages of planning and has yet to finalize the specific types of telecommunication devices to be manufactured, this step underscores a commitment to exploring opportunities for local manufacturing and value addition. Conducting a feasibility study before making significant investments demonstrates a prudent approach to assessing market demand and potential challenges.

Entering the telecom device market in Bangladesh presents both opportunities and challenges, as consumers are discerning and may have reservations about locally produced products. ADN Telecom acknowledges these factors and intends to proceed cautiously, prioritizing quality and consumer confidence in its products.

Source for more details:

Related News

NRB Bank Posts Tk 850 Million Profit

July 25, 2024

NRB Bank reported a profit of Tk 850 million in Q2 2021, up from a loss of Tk 28.5 million in the same quarter the previous year. The bank's foreign exchange gain and operational efficiency contributed to the turnaround. The bank's half-yearly results also showed positive results, with a profit of Tk 100 million in January-June 2021.

DSE Turnover Reaches 1.5 Year Low

July 25, 2024

Stock trading in Bangladesh resumed after a three-day break, resulting in a 1.5-year low turnover at the Dhaka Stock Exchange. The market indices saw a decline, with the benchmark DSEX dropping 95 points to 5,350. The shariah-based DSES fell 21 points, and the blue-chip DS-30 plummeted 37 points. Investor confidence was affected by the ongoing quota reform movement, leading to selling pressure. Trading was limited due to an internet blackout. The market analyst suggested that the market may improve once internet access is restored.

BTCL Fails to Recover Tk 316 Crore in Dues

July 18, 2024

Bangladesh Telecommunications Company Limited (BTCL) has been unable to collect Tk 316 crore in dues from various companies, including Tk 79.64 crore from Teletalk, Tk 50 crore from Bangladesh Cable Shilpa, Tk 12.81 crore from government entities, and Tk 174 crore from defunct companies, falsely reporting it as "current asset" in its financial statements.

Startup Bangladesh Turns Down Tk5 Crore Funding for 10 Minute School

July 18, 2024

An investment of Tk 5 crore for Bangladesh's largest ed-tech platform, 10 Minute School, was turned down by Startup Bangladesh, a government investment fund. Agreements on confidentiality prevent us from mentioning the reason for rejection. Ayman Sadiq, the CEO of 10 Minute School, has openly backed the quota reform demonstrations, which are aligned with this choice.

ACC Files Case Against Officials and Sadeeq Agro for Brahman Cattle Issues

July 18, 2024

The Anti-Corruption Commission (ACC) filed a legal action against six government officials and Md Imran Hossain, the owner of Sadeeq Agro, for corruption and violations regarding the sale and import of cattle of the Brahman breed, which are banned in Bangladesh. There they have 2 parties who have committed violations. 

Grameenphone Reports 6% Sales Increase

July 18, 2024

The largest mobile operator in Bangladesh, Grameenphone, claimed an increase of 6% in sales to Tk 4,223 crore in Q2 2024, despite a 28 percent decrease in profit to Tk 861 crore. The main reason of the fall in profit was higher tax charges, which overcame lower financing costs and revenue increase.

Related News

NRB Bank Posts Tk 850 Million Profit

July 25, 2024

NRB Bank reported a profit of Tk 850 million in Q2 2021, up from a loss of Tk 28.5 million in the same quarter the previous year. The bank's foreign exchange gain and operational efficiency contributed to the turnaround. The bank's half-yearly results also showed positive results, with a profit of Tk 100 million in January-June 2021.

DSE Turnover Reaches 1.5 Year Low

July 25, 2024

Stock trading in Bangladesh resumed after a three-day break, resulting in a 1.5-year low turnover at the Dhaka Stock Exchange. The market indices saw a decline, with the benchmark DSEX dropping 95 points to 5,350. The shariah-based DSES fell 21 points, and the blue-chip DS-30 plummeted 37 points. Investor confidence was affected by the ongoing quota reform movement, leading to selling pressure. Trading was limited due to an internet blackout. The market analyst suggested that the market may improve once internet access is restored.

BTCL Fails to Recover Tk 316 Crore in Dues

July 18, 2024

Bangladesh Telecommunications Company Limited (BTCL) has been unable to collect Tk 316 crore in dues from various companies, including Tk 79.64 crore from Teletalk, Tk 50 crore from Bangladesh Cable Shilpa, Tk 12.81 crore from government entities, and Tk 174 crore from defunct companies, falsely reporting it as "current asset" in its financial statements.

Startup Bangladesh Turns Down Tk5 Crore Funding for 10 Minute School

July 18, 2024

An investment of Tk 5 crore for Bangladesh's largest ed-tech platform, 10 Minute School, was turned down by Startup Bangladesh, a government investment fund. Agreements on confidentiality prevent us from mentioning the reason for rejection. Ayman Sadiq, the CEO of 10 Minute School, has openly backed the quota reform demonstrations, which are aligned with this choice.

ACC Files Case Against Officials and Sadeeq Agro for Brahman Cattle Issues

July 18, 2024

The Anti-Corruption Commission (ACC) filed a legal action against six government officials and Md Imran Hossain, the owner of Sadeeq Agro, for corruption and violations regarding the sale and import of cattle of the Brahman breed, which are banned in Bangladesh. There they have 2 parties who have committed violations. 

Grameenphone Reports 6% Sales Increase

July 18, 2024

The largest mobile operator in Bangladesh, Grameenphone, claimed an increase of 6% in sales to Tk 4,223 crore in Q2 2024, despite a 28 percent decrease in profit to Tk 861 crore. The main reason of the fall in profit was higher tax charges, which overcame lower financing costs and revenue increase.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here