BTRC and GP in Talks Over Tk 6,000 Crore Late Fee Dispute

Industry: Telecom, Telecom & Mobile
Company: Grameenphone Limited (GP)
Company Intelligence Tag: Business Insights

The Bangladesh Telecommunication Regulatory Commission (BTRC) and Grameenphone have initiated negotiations regarding late fees of around Tk 6,000 crore based on an audit claim. The telecom regulator claimed Tk 12,579 crore from Grameenphone from its inception to December 2014, including unpaid annual spectrum fees, value added tax, and revenue sharing. Grameenphone disputed the claims, leading to a legal battle between the operator and the BTRC. The Supreme Court ordered Grameenphone to pay Tk 2,000 crore to the commission in three months, and Grameenphone was directed to deposit Tk 1,000 crore by February 2020 and another Tk 1,000 crore by May 2020. The operator has not yet cleared any of the Tk 6,100 crore slapped as a late fee. However, it paid over Tk 2,392 crore out of Tk 4,085 crore owed to the National Board of Revenue. The commission has started the process, and if they reach a settlement, the case is disposed of.

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