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Submarine co to raise USD4.4bn from the deep

7 Feb 2011

Government-owned undersea cable operating company Bangladesh Submarine Cable plans to raise up to BDT310 billion (USD4.4 billion) through a stock offering of 31 million shares of BDT10 each, reports Telecompaper. The company will float the shares in line with the government’s policies to strengthen local capital markets and to sell stakes in state-run interests.

Bangladesh, Bangladesh Telecommunications Company Limited (BTCL)

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