State-owned Power Grid Company of Bangladesh (PGCB) has leased out its 2,422km optical fiber cable for a one year period to the private telecom operator Robi.
PGCB and Robi signed an agreement at the PGCB head office on Thursday.PGCB Company Secretary Md. Jahangir Azad and Robi Chief Commercial Officer Shihab Ahmed signed the deal on behalf of their respective sides.
During the new deal signing ceremony, PGCB also renewed the earlier deal of leasing out 190 km fiber optic cable to Robi.
Under the new deal, PGCB will get Tk 210 million per year from Robi while it will get Tk 18 million from the renewed deal.
The lease agreement for 2,422 km of fiber optics is initially for one year, which is renewable.
Earlier, PGCB received Tk 15.1 million from Robi for leasing 190 km long fiber optic cable from Chittagong to Cox's Bazar every year which was leased to Robi in July 2010.
The rate has increased to Tk 31.23 lakh per annum. As a result, Robi will now pay Tk 18 million to PGCB every year as per the contract which has also been renewed for the next five years. PGCB's fiber optic cable is more secure than others because it is placed on the high voltage transmission line of electricity. Robi will gradually use the fiber optic cable in different parts of the country within the next one year.PGCB Executive Director (Human Resource) Sheikh Riaz Ahmed, Director (OPGDW) Md Ashraf Hossain, Supervising Engineer Dewan Parvez Alam and Robi Vice President Ahmed Tareq Aziz and Anamika Bhakta were present.