675 crore stuck in network development projects in 9 months The Ministry of Finance will not give new loans TeleTalk

675 crore stuck in network development projects in 9 months

The Ministry of Finance will not give new loans TeleTalk

TeleTalk mobile operator owned by the government, the Ministry of Finance is willing to give a new loan.  676 crore to expand its network of nearly stuck in a loan proposal with the Ministry of Finance said the government offered low-interest loans from the fund TeleTalk will not be helpful for the market competition.  The moral crisis and the inefficiency of the institution of such loans will increase.  The network is funded expansion of Tele crisis .

The second country (tuji) and third (buyers), more than two generations to build new towers owned undertook the project last year.  The Executive Committee of National Economic Council ( ECNEC) meeting on June 1 last year the project was approved.  The total cost is estimated at Rs 675 crore 81 lakh.  As the government debt of 607 million and 68 million was due to the company's own funds.

Less than 1 percent of the loan interest rate for the project recommends that the Ministry of Finance sent for approval.  Planning suggestion, however, the Finance Ministry is not willing to give TeleTalk 1 percent interest, he said. According to the explanation of the Ministry of Finance Division, explained that the service is now entirely commercial.  The company itself can not continue to compete in the market for the Company as it has been established from the beginning.  TeleTalk 1 percent as the company offered low -interest loans is not advisable.

With its proposed ways to make loan financing for the project, has proposed two options for the Finance Division.  As the company has a liability to pay any bank or financial institution to borrow from the market value.  Post and Telecommunications Department at the Finance Division to submit a comprehensive proposal is TeleTalk.  Another proposal is that, after payment of the liabilities of a bank or financial institution owned easier to get loans from the Bank for the initiative of the Finance Division will gyarantisaha.  Last November, Jalal Ahmed, Additional Secretary of the Ministry of Finance regarding the funding of the project, it was decided in a meeting antamantranalaya.

About the additional secretary in Jalal Ahmed Asked,  Prothom Alo  said, according to the decision taken last November, has not owned any of the proposals submitted so far.  Accordingly, this proposal would be taken if they are found.

TBL and the Bangladesh Telecommunication Regulatory Commission ( BTRC) According to data from the current two billion dollar company over the amount of arrears.  The wave of buyers is due to the regulator for 1 thousand 600 crore, Exim Bank of China, 1 thousand 600 crore.

After obtaining the approval of the Planning telecommunications infrastructure project service provider, Huawei, Alcatel-lusenta (now Nokia) and Nokia have signed an agreement with the company owned three.  The company has not yet started, but the lack of money.  As a result, in December this year , the project would not be possible to put an end to company officials concerned.

The company in the country, has a total of 3 thousand 750 towers.  There are two towers in tuji 00 of the tower, and buyers are more than one and a half thousand.  According to officials of the various departments of the company, the current operator of the country's biggest problem is not the network.  Grameenphone, Robi, corporate towers each have more than top 8. There are just three of the towers to compete with others difficult.

To learn about the company's Managing Director Md.  Golam Quddus when contacted, refused to comment directly.

And Telecommunications Minister Halim is in Post  the first light  as the company s investment in the development of the network there is no alternative to increase quality of service.  If you do not pay for the work can not be planned.

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