CAG 3.13% 31.0¢ cape range ltd

bangladesh order

  1. Oak
    1,815 Posts.
    Bangladesh Order Peoples Telecommunications and Information Services Limited (Bangladesh) and Cape Range Wireless have completed a contract whereby Cape Range Wireless is to supply a minimum of US$66 million of it’s equipment to Peoples Telecommunications & Information Services Limited over a period of 30 months. All necessary agreements were signed in Dhaka, Bangladesh on 12 December 2004 with all parties present.
    Peoples Telecommunications, which commenced operations as Bangladesh Rural Telecom Authority Pvt Ltd in 1989, currently operates 39 telephone exchanges throughout Bangladesh.
    The US$66 million contract was awarded following 15 months of evaluation and negotiations between Cape Range Wireless and Peoples Telecommunications.
    The equipment will be supplied through Hayes (Bangladesh) Limited who will distribute Cape Range Wireless Equipment throughout the region.
    Mr. TIM Nurun Nabi, Managing Director of Peoples Telecommunications, in commenting on the conclusion of the agreement, stated that:
    “Peoples Telecommunications and Cape Range Wireless have jointly developed an aggressive rollout schedule that will kick off beginning January of 2005. Engineers from both Cape Range Wireless and Peoples Telecommunication will be working at multiple locations simultaneously to deliver telecommunications throughout the four telecom regions in which Peoples Telecommunications operates.”
    In commenting on Peoples Telecommunications, Kenneth Margon, Managing Director of Cape Range Wireless Limited, said:
    Mr. TIM Nurun Nabi’s innovative approach to network design will be a model of how developing nations can provide telecommunications to the masses at a level that is not only economical, but highly profitable. We look forward to continuing to further develop the relationship between our two companies for mutual benefit.”
 
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