Face regulatory action unless bank guarantee renewed

BTRC warns telecom licensees

Staff Correspondent | Published: 23:11, Dec 06,2017 | Updated: 23:15, Dec 06,2017

 
 

Bangladesh Telecommunication Regulatory Commission has warned that it would encash performance bank guarantees of different telecommunication service providers and take legal actions against the licensees if they fail to renewal or reissue their PBGs.
On November 30, 2017, the telecom regulator issued a notification in this regard, asking all of its licensees to renew or reissue their PBGs before one month of their (PBGs) expiry.
The notification issued by its director MA Taleb Hossain specifically addressed all the international gateway, interconnection exchanges, broadband wireless access, nationwide telecommunication transmission networks, vehicle tracking, internet protocol telephony and internet service providers.
Submitting PBG to the BTRC is a must for an entity under the licencing guidelines and conditions, it said.
Renewal, re-issuance or issuance of new PBG is also a must for an entity before one month of the guarantee’s expiry, it said.
The telecom regulator in its directive also warned of regulatory actions against the licensees who would fail to submit PGB within the stipulated time, the BTRC official said.
An official of the commission said the PBG allows the regulator to recover any dues in case of non-payment by the BTRC licensees in time.
Besides, the commission also encash the bank guarantee as regulatory action, the BTRC official said.

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