• Tuesday, Dec 10, 2019
  • Last Update : 10:17 am

Russia keen to invest in telecom sector

  • Published at 07:51 pm October 29th, 2019
The state-run  telecom company has only 18,699 active internet subscribers <strong>Bigstock</strong>
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A delegation of Russian satellite company Glavkosmos, led by Russian Ambassador in Dhaka Alexander I Ignatov, met Posts and Telecommunications Minister Mustafa Jabbar at his office on Tuesday

Russia has expressed keen interest to provide financial and technical assistance for the proposed Bangabandhu-2 satellite along with the telecom sector of Bangladesh.

A delegation of Russian satellite company Glavkosmos, led by Russian Ambassador in Dhaka Alexander I Ignatov, met Posts and Telecommunications Minister Mustafa Jabbar at his office on Tuesday.

During the meeting the Russian ambassador and the representative of Glavkosmos expressed their interest in country’s telecom sector and wanted to lend a hand in the upcoming satellite project. 

The Russian envoy in the meeting said that Bangladesh was making tremendous progress and the telecommunication sector was highly lucrative for investment, according to a ministry statement issued on the day.

The statement said the Ambassador also showed interest for investing in state-run mobile company Teletalk and developing other telecommunication technologies of Bangladesh.

It also said the delegation from Glavkosmos expressed interest to provide financial and technical assistance for launching the second satellite of the country, Bangabandhu-2.   

The telecom minister said that Russia was an ally of the country for long and could also be a future partner in country’s digital revolution, said the release.

He also called for Russian investment in the telecommunication sector, saying: ‘The citizens of the country are already getting the benefits of robust digitalization. We have a very investment-friendly policy and Russia should take the opportunity,” he added. 

The government is planning to launch the country’s second satellite within its tenure scheduled to end in 2023. 

Bangladesh launched its first satellite Bangabandhu-1 on May 12 last year at a cost of Tk2,000 crore.

The satellite was launched into the orbital slot at 119.1 degree east longitude and the slot was bought from another Russian satellite company “Intersputnik” for $28 million in January 2015.

In May this year, Bangabandhu-1 launched its commercial operation with the country’s television transmission.

The country’s lone state-run mobile phone operator Teletalk is still looking for investment to develop 4G infrastructure.

In July this year, the government entered into a talk with Korean company LG U+ for a billion dollar loan.

Bangladesh Telecommunication Regulatory Commission Chairman Jahirul Haque, Bangladesh Communication Satellite Company Ltd Chairman Shahjan Mahmood and Glavkosmos Deputy Director General Vitali Safonov were also present in the meeting.

“We have had an initial meeting with the delegation of Glavkosmos. They have shown interest in the Bangabandhu-2 project. We are looking forward to it,” BCSCL Chairman Shahjahan Mahmood told Dhaka Tribune.

Glavkosmos is a Russian launch service provider and subsidiary of the state corporation Roskosmos.