Grameenphone Partners with Monico Pharma for ICT Solutions

Bangladesh’s interim government expects mobile network operators (MNOs) to soon reduce mobile internet prices following significant wholesale price cuts across the internet value chain. According to Faiz Ahmad Taiyeb, the chief adviser's special assistant, the government has already lowered costs at the International Terrestrial Cable, International Internet Gateway, and National Telecommunication Transmission Network levels.

Two directors of Square Pharmaceuticals, Samuel S Chowdhury and Ratna Patra, each purchased 15 lakh shares, totaling Tk 64.58 crore, based on the DSE’s disclosed closing price of Tk 215.40 per share. These transactions, declared earlier in March, reflect continued confidence in the company, whose shares rose 0.05% during morning trading.

The government of Bangladesh has unveiled an ambitious plan to modernize its telecom sector, aiming to eliminate internet shutdowns, lower internet costs, and improve service quality through comprehensive reforms and deregulation. Key measures include abolishing restrictive licensing, enforcing performance-based regulations, and making all metropolitan telecom fibre networks underground within three years.

Internet subscribers in Bangladesh will now receive 10 Mbps internet speed for Tk 500, up from the previous 5 Mbps, as announced by the Internet Service Providers Association of Bangladesh (ISPAB). This change aligns with the Bangladesh Telecommunication Regulatory Commission's (BTRC) "One Country, One Rate" policy.

Banglalink has failed to pay Tk42.58 crore in VAT to BTRC for revenue sharing from April 2012 to June 2013. Although Banglalink claims the VAT constitutes double taxation, citing NBR’s special order issued on August 12, 2013, both BTRC and the court have ruled that the VAT was applicable before that order and must be paid.

Bangladesh’s mobile subscriber base dropped by 77 lakh from July 2024 to January 2025, with mobile internet users declining by 1.1 crore, according to the Bangladesh Telecommunication Regulatory Commission.