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Two agreements in telecom sector signed |
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News |
March 21, 2000
Two agreements involving US$ 450 million were signed here yesterday in the telecommunication sector in presence of US Commerce Secretary William M Daley.
Under one agreement, Worldtel will implement a project to install 300,000 telephone lines on build operate and own (BOO) basis in the first phase at a cost of US$ 300 million.
Under the other agreement, Tyco Submarine Systems Ltd (TSSL) will install an undersea fiber optic cable system that will give Bangladesh worldwide connectivity at the cost of US$ 150 million.
The government had floated a tender for implementing a project to install 300,000 telephone lines in the first phase. Worldtel participated and won the tender in November 1998.
In the second phase, Worldtel will extend the project for providing another 200,000 telephone lines.
The project includes Broadband and basic service, high speed internet access.
Tyco Submarine Systems Ltd (TSSL), a wholly-owned subsidiary of Tyco International Ltd, signed a memorandum of understanding with the Bangladesh Telephone and Telegraph Board (BTTB) to design, manufacture and install an undersea fiber optic cable system to be know as the Bangladesh-Singapore Submarine Cable System.
Scheduled for completion in 2002, the system will connect Bangladesh and Singapore and will be about 3,200 kilometers in length. This system will enable Bangladesh to link up with some of the major undersea cable systems that land in Singapore and give it worldwide connectivity.
TSSL is the world's leading supplier of undersea communication systems and services. The company owns and operates one of the world's largest fleets of world class cable ships for installation and maintenance of undersea communication networks.
Source: The Daily Star |