Govt seeks FDI to revamp TeleTalk

Jannatul Islam

16 September, 2019 12:00 AM printer

The government has planned to strengthen the capacity and infrastructure of TeleTalk to help the state-run mobile operator survive against the aggressive expansion of multinational firms in the telecom sector.

The telecom division is continuing discussions with investors in several countries including Saudi Arabia, China and Korean firms to fetch foreign direct investment (FDI) for TeleTalk, officials informed.

Telecommunications Minister Mustafa Jabbar said lagging behind is no longer an option for TeleTalk in the face of emerging technologies and innovations in the telecom industry.

 “TeleTalk has to focus on service innovations. We are continuing discussions with Saudi Telecom and Korean LGU Plus to inject bulk investment in infrastructure development for the state-run operator,” the minister told the Daily Sun on Friday.

 He also informed that the Chinese government also expressed interest in supporting technology development for TeleTalk.

 In the face of market domination by foreign multinational firms, TeleTalk is hardly seeing any growth though the operator rolled out the first-ever third-generation network in the country.

 “We missed the opportunities in the early stage of TeleTalk. There were many opportunities for developing nation-wide infrastructure. A project is waiting for the final approval from the planning minister to enable the operator to expand its network across the country,” he added.

TeleTalk represents 4.2 million customers in a market of 162 million connections. The operator’s internet users reached nearly 100 million at the end of June. The state-owned finally launched 4G (fourth generation) mobile data services commercially in Dhaka in October last year.