Teletalk, BTCL asked to pay Tk 120cr in outstanding late fines

Staff Correspondent | Published: 00:05, Dec 08,2017 | Updated: 23:07, Dec 07,2017

 
 

Bangladesh Telecommunication Regulatory Commission has asked two state-owned telecom entities — Teletalk and Bangladesh Telecommunications Company Limited — to clear Tk 120.43 crore in late fines which have remained outstanding for long.
The late fines were imposed on the entities due to their delay in payment of revenue sharing money and licence fees to the regulator, a BTRC official told New Age on Thursday.
As per BTRC estimates, the total outstanding late fines of mobile operator Teletalk and BTCL were Tk 117.25 crore and Tk 3.18 crore respectively.
Of the BTCL’s late fine, the company faced Tk 110.25 crore in late fine due to its delay in clearing Tk 441.01 crore in government’s revenue sharing money for the period of October 2008 to June 2010 by the stipulated time.
The commission also imposed Tk 3.80 crore in late fine on BTCL for the company’s delay in paying licence fee for the year 2011, while another Tk 3.05 crore was claimed as VAT on the licence fee.
The BTRC letter issued to Teletalk said that Tk 2.28 crore was imposed on the company as late fine for the entity’s delay in sharing revenue with the government for the periods of July to September of the year 2011 and April to June of the year 2012.
Apart from that, Tk 9.86 lakh and Tk 75 lakh were also imposed on the entity as late fine due to delay in paying licence fees for the years 2010 to 2012.
The BTRC official said that the fines were imposed under the telecommunication act and the commission was bound to recover such fines, he said.
The commission issued two separate letters to managing directors of Teletalk and BTCL, requesting them to clear the late fines by December 26 this year.
Although the telecom regulator had requested the entities to clear the fines by November 2016, the entities are yet to clear the fines.
The BTRC official also said the commission has been facing audit objection due to non-payment of the late fines by Teletalk and BTCL.
The telecom regulator would also fail to attain its target related to mitigating audit objections due to the non-payment of the late fines, the BTRC official said.
Teletalk has been facing regulatory embargo in connection with non-payment of Tk 67,61,200 in penalty that was imposed on the operator in 2016 due to its failure to block more than 1,500 SIM cards which were used in illegal VoIP business.
Under the regulatory action, the BTRC has refrain from supporting and giving any sort of approval to any application from Teletalk from late November. 

More about:

Want stories like this in your inbox?

Sign up to exclusive daily email

Advertisement

images

 

Advertisement

images