Wednesday, 2 November 2011

GP submitted BDT 1358 crore as license renewal fees

GP submitted BDT 1358 crore as license renewal fees

Grameenphone has become the first mobile operator in the country to have made BDT 1358 crore (13.58 billion) payment to government exchequer in a day.
In a historic move in the Telecom industry of Bangladesh, GP has become the first of the four renewing mobile operators to submit both the License Renewal Fee and first installment (49%) of Spectrum Assignment Fee to BTRC totaling to an amount of BDT 13,58,45,98,000 (One thousand three hundred fifty eight crore forty five lacs and ninety eight thousand) this afternoon.

This is a historic day as the amount paid by Grameenphone is the highest one time payment ever to the Government by any private company in Bangladesh.

GP submitted the fees in accordance with the High Court order regarding MCF and VAT deduction. Grameenphone is happy to see that the High Court’s decision has been respected by all concerned parties.
With this submission, the license renewal process has entered its final phase and GP is expecting to receive the renewed license on time since it has completed all formalities prescribed by the regulator.

The company would like to thank BTRC, the Ministry of Post and Telecommunications and National Board of Revenue for their guidance and cooperation during the renewal process. Grameenphone would also like to thank its valued subscribers and well-wishers for their trust and support to the company and expect the same for the next 15 years.

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