News Summary: Bangladesh telecom to invest in 3G

AP News
Posted: Sep 10, 2013 5:26 PM

INFRASTRUCTURE: Bangladesh's largest mobile phone company plans to invest millions of dollars to prepare for 3G operations after gaining spectrum in the country's first open 3G auction.

THE AUCTION: Grameenphone Ltd. won 10 megahertz of spectrum with a bid of $21 million for each megahertz. Three other private companies also won bids for 5 megahertz of spectrum each at a price of $105 million. State-owned Teletalk, which began 3G operations on an experimental basis last year, will also pay $210 million for 10 megahertz of spectrum.

THE BIG PICTURE: The company is eyeing Bangladesh's largely untapped Internet market because 3G can offer relatively high-speed Internet data transfer.