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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.
The government has selected three private firms to award them the licence to establish, maintain and operate submarine cables as it looks to ramp up the supply of bandwidth amid a surge in data consumption.