Citycell signs deal with foreign firm to pay dues

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Economic Reporter :
Bangladesh’s oldest mobile-phone operator Citycell has recently signed a deal with an investment firm to pay the dues to government and others.
The Struggling mobile-phone operator Citycell’s Head of Corporate Communications and Public Relations Taslim Ahmed told The New nation recently that it was a foreign firm, but would not name it.
He hoped that the new agreement would enable the struggling mobile phone operator to settle the dues and ‘other issues’.
Earlier, the government has ordered the Citycell to shut down for its failure to pay Tk 4.77 billion dues.
However, its CEO Mehboob Chowdhury, earlier informed The New Nation that a US company had expressed eagerness to invest in the company.
After the biometric re-registration of SIM cards, Citycell has 100,000 to 150,000 subscribers, according to the BTRC.
Taking the decision to revoke Citycell’s licence, the government on Tuesday gave its customers seven days to switch to another operator.
On Wednesday, Citycell employees demonstrated in front of its Mohakhali office for payment of arrears and compensation.
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