Metacore Subcom News Today

Submarine cable SEA-ME-WE-4 will remain disconnected for maintenance for 12 hours from 7am

Veon subsidiary Banglalink said on Wednesday it has completed the sale of part of its tower portfolio in Bangladesh to Summit Towers for BDT11 billion (US$100 million).

Three private licensees of submarine cable -- Summit Communications, CdNet Communications and Metacore Subcom Ltd -- have formed a consortium to install the cable

Bandwidth imports from India have surpassed that from submarine cables due to a surge in internet usage, India’s more attractive pricing and enhanced redundancy, and the saturation of Bangladesh’s existing undersea cables’ capacity.

Bandwidth imports from India have surpassed that from submarine cables due to a surge in internet usage, India’s more attractive pricing and enhanced redundancy, and the saturation of Bangladesh’s existing undersea cables’ capacity.

Three private submarine cables have backtracked from their initial decisions to supply bandwidth separately through undersea cables and have now agreed to collaborate on one connection amid the US dollar shortage. 

When one talks about Summit Group, it should come as no surprise that the conglomerate has solidified its position in Bangladesh’s power industry while its chairman, Muhammed Aziz Khan, has been listed by Forbes as one of the richest men in Singapore.

Currently, Bangladesh Submarine Cable Company operates two submarine cable landing stations with a capacity of 1,900 gigabits per second

The government has issued three submarine cable licenses to Summit Communications, CdNet Communications and Metacore Subcom Ltd. Last bastion of state-owned monopoly in telecoms will fall once the private cables emerge from the Bay of Bengal.

Three private firms will invest around Tk 2,000 crore collectively to connect Bangladesh with at least three more submarine communication cables, in a development that would ensure smooth supply of bandwidth amid surging internet use.