Syed Mahsib Hossain, a council of BTRC told the Dhaka Tribune that the operator will have to pay all dues, including regulatory fees and fines worth Tk477. 51 crore within three months.
Out of the total outstanding dues, two-thirds of the amount Tk318 crore must be paid in a month.
A five-member bench of the Appellate Division of the Supreme Court headed by Chief Justice SK Sinha gave the verdict yesterday.
On August 24 a High Court bench Justice Syed Refaat Ahmed said that Citycell could continue its operation till September 16.
The BTRC then filed an appeal against the High Court order which had stopped it from shutting down Citycell’s operation.
On July 31, BTRC asked Citycell to pay its all dues, including regulatory fees and fines by August 16.
BTRC also ordered the company to make alternative arrangements for its subscribers in the event of it's closure.
On August 21, Citycell's lawyer filed an application for injunction under the Section 248 of the Companies Act 1994, to keep BTRC from taking away or cancelling Citycell's license.
The High Court heard the application of the injuction on August 22.
At that hearing lawyers for China Development Bank, Citycell and BTRC were arguing their case.
Citycell's parent company Pacific Bangladesh Telecom Limited acquired its telecom license in 1989.
It is the only CDMA network operator in the country.
Citycell is currently owned by Singtel with 45% share while the remaining 55% is owned by the Pacific Group and Far East Telecom.
Saturday, June 06, 2026
