Course code: BUS-113
Training course Title: Introduction to Business
Lecturer Department of
Submitted simply by
Group Term: The STORIES of BBA
Faglul Karim Raihan
Sec-C, 24th batch
Department of Business Administration
Leading University, Sylhet
Time of Distribution: May your five, 2010
You will find currently six (6) mobile operators corporations in Bangladesh. Banglalink can be one of them. It's the second most significant cellular provider in Bangladesh after Grameenphone. As of Nov, 2009, Banglalink has a prospect base of 12. 99 million. This can be a wholly held subsidiary of Orascom Telecommunications. Banglalink acquired 1 . 03 million contacts until January, 2005. The amount of Banglalink users increased simply by 257 percent and was at 3. 64 million at the end of 2006, making it the quickest growing operator in the world of that year. That kicks off in august, 2006, Banglalink became the first business to provide cost-free incoming calls from BTTB for equally postpaid and prepaid cable connections. On August 20, 08, Banglalink acquired past the milestone of 15 million subscriber base. Banglalink entered commence the market using a promise of producing mobile phone affordable for people. You will discover large foule in Bangladesh. When banglalink didn't enter to purpose in operation of Bangladesh very few persons used cellphone for interaction. So , banglalink tried to hook up large number of inhabitants. Which were away from attach of communication. Banglalink succeed to do its goal. Banglalink was the first owner to bring in a flat price for all call up and thus this kind of way, banglalink has helped middle, lower- middle and lower category people.
History of Banglalink:
Sheba Telecom (Pvt. ) Ltd. was granted permit in 1989 to operate inside the rural areas of 199 upazilas. Later that obtained GSM license in 1996 to increase its business to mobile mobile, radio telephone companies. It launched operation within the last quarter of 1997 as being a Bangladesh-Malaysia joint venture. In September, 2004, it was reported that Egypt based Orascom Telecommunications is set to buy the Malaysian stakes in Sheba Telecom through a hush-hush deal, because Sheba had failed to tap the business potentials in Bangladesh mainly due to a persistent feud between its Malaysian and Bangladeshi partners. A contract was come to with Orascom worth US$25 million was finalized in secret. The pact has been kept magic formula for legal reasons, taking into consideration financial results and because with the feud. The primary reason for the undercover coping was the joint venture agreement between your Bangladeshi as well as the Malaysian lovers, which dictates that if perhaps any get together sells their Sheba stocks and shares, the other party will enjoy the first directly to buy that.
Bundled Services Ltd. (ISL), the Bangladeshi partner, was being вЂofficially' shown while purchasing the shares kept by Technology Resources Sectors (TRI) of Malaysia intended for $15 mil. ISL then paid one more $10 million to Standard Chartered Lender to settle Sheba's liabilities. In September, 2004, Orascom Phone system Holdings purchased 100% of the shares of Sheba Telecom (Pvt. ) Limited (" ShebaвЂќ). It absolutely was acquired for US$60 , 000, 000. Sheba a new base of 59, 500 users, of whom 49, 000 were regular when it was distributed. Afterward it was re-branded and launched the services within the " BanglalinkвЂќ brand upon February 10, 2005. Banglalink's license is known as a nationwide 15-year GSM permit and will terminate in The fall of, 2011.
In March, 2008, Sheba Telecom (Pvt. ) Limited altered its name while Orascom Telecommunications Bangladesh Limited, matching its parent business name.
Nature Type and Size:
Nature of operation:
Banglalink GSM Limited. provides mobile telephony companies in Bangladesh. It offers pre-paid and post-paid mobile interconnection services. The company also gives various value added services, just like call forwarding/divert,...