Fashion
Cash-strapped Bangladeshi operator CityCell has resumed operations after having its spectrum temporarily reinstated by a Supreme Court ruling.
The Bangladesh Telecommunication Regulatory Commission (BTRC) revoked CityCell’s spectrum last month for failing to pay its spectrum renewal, license and associated fees.
But the court has asked the government to restore CityCell’s spectrum and allow it to continue operations for the time being.
If CityCell fails to pay 1 billion taka ($12.7 million) to BTRC by November 19, the regulator will have the authority to revoke the spectrum again, the court order states.
CityCell has been operating since 1993 but has a low market share and revenue base. The company earned just 1.39 billion taka in revenue during the 2014-15 financial year. The BTRC has calculated that CityCell owes 4.77 billion taka in unpaid fees.
The operator is 44.5% owned by Singtel, 37.9% owned by Pacific Motors and 17.5% owned by Far East Telecom.
