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Will deposit Tk1,000 cr to BTRC: GP

 GP paying BTRC Tk10bn ,  Bangladesh Telecommunication Regulatory Commission ,  Grameenphone ,  GP ,  BTRC

GP ordered to pay BTRC Tk1,000 cr within Feb 24

Private mobile operator Grameenphone (GP) on Friday said it will deposit Tk 1,000 crore to Bangladesh Telecommunication Regulatory Commission (BTRC) on Feb 23 as ordered by the apex court.

GP made the announcement in a media statement on Friday, a day after the Appellate Division ordered it to pay the amount within Feb 24.

The operator said it “looks forward to getting court protection from the pressure BTRC has applied to the company and its management”.

On November 24 last year, the Appellate Division asked GP to pay Tk 2,000 crore of the Tk 12,579.95 crore dues claimed by BTRC within three months. The deadline will expire on February 23.

BTRC claimed the dues in 27 sectors from the mobile operator but failed to recover the money. Later, BTRC sent a notice to GP threatening to revoke its licence on April 2 last year.

GP had sought a temporary injunction on the notice which was turned down by the court on August 28 that year. The mobile operator later filed an appeal with the High Court. On October 17, the court imposed a two-month injunction on realisation of dues from GP. BTRC later moved the Appellate Division against the order.

GP said BTRC had acted to restrict its operations through moves that had negative impact on customer experience and business partners, reduced confidence in the business environment and dented interest from investors.

The operator said it “reiterates that the company disputes the validity of the BTRC audit claim”.

It said that complying with the court’s direction, GP expects that business operations will run without further obstacles.