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GP

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GP 03-Feb-2020

(Continuation news of GP): towards a solution initiated in the 18 September 2019 meeting and subsequent invitations for continued dialogue have been rejected. In light of these events, at this stage GP has concerns over the prospects of an amicable solution based on merit. Grameenphone has performed a detailed assessment of the BTRC and NBR demands and obtained legal advice for each of the various matters/demands received. Overall, the BTRC Audit (cont. 23)

GP 03-Feb-2020

(Continuation news of GP): GP has consistently tried to engage the authorities to find a transparent process towards an amicable solution based on the merits of the audit findings. BTRC has, however, refused to meet to discuss the substance of the claims following the feedback GP provided against the audit observations in 2018; in 2019 BTRC rejected to enter into an agreement to refer the matter to arbitration and in October, 2019. BTRC did not follow up on pursuing the constructive path (cont. 22)

GP 03-Feb-2020

(Continuation news of GP): in 12 equal monthly installments from the date of order to be passed by the Court on the review application. This does not reflect Grameenphone's view on the substance or merit of the matter. The original Title Suit pending at the learned District Court is fixed on 03 March, 2020 for reply (written statement) of defendants i.e. BTRC & Auditor. As follows from the above, despite GP disagreeing with the audit demand as a basis for the audit claim, (cont. 21)

GP 03-Feb-2020

(Continuation news of GP): Appeal (along with the injunction application) till 24 February, 2020. On 26 January 2020, GP filed a Review Petition before the Hon'ble AD of the Supreme Court of Bangladesh. Grameenphone has requested the Hon'ble AD so that the Order dated 24 November 2019 may kindly be reviewed so as to allow Grameenphone to instead deposit 25% of the principal amount demanded by BTRC, which amounts to BDT 5,749,256,339.75, to be paid (cont. 20)

GP 03-Feb-2020

(Continuation news of GP): specified time the interim order of stay and injunction passed by the Hon'ble HCD shall stand vacated. On 18 December, 2019, the Hon'ble HCD has extended the interim order and injunction for one month in the absence of the certified copy of the Order passed by the Hon'ble AD. Upon receiving the certified copy of the Order passed by the Hon'ble AD, the Hon'ble HCD has adjourned hearing of the First Miscellaneous (cont. 19)

GP 03-Feb-2020

(Continuation news of GP): Challenging the said interim order of stay and injunction passed by the Hon'ble HCD, BTRC moved to the Hon'ble AD and on 24 November, 2019, the Hon'ble AD pronounced its Order that the interim order of stay and injunction dated 17 October, 2019 passed by the Hon'ble HCD is maintained subject to the condition that Grameenphone shall pay BDT 20,000,000,000 to BTRC within a period of three months; in default of the payment of the said money within the (cont. 18)

GP 03-Feb-2020

(Continuation news of GP): for a period of two months, from taking any steps on the basis of, or pursuant to, or for the realization of or enforcement of the Audit Demand dated 02 April, 2019.The Hon'ble HCD also stayed, for a period of two months, operation of the BTRC letter dated 22 July, 2019 (regarding suspension of NOC for importation of equipment/software and suspension of tariff/service package etc. approvals). (cont. 17)

GP 03-Feb-2020

(Continuation news of GP):and impositions to resume normal operations immediately and that Grameenphone would suspend its legal efforts to facilitate a transparent process towards an amicable solution. Despite these constructive efforts BTRC had not lifted any of the operational restrictions imposed by BTRC or the show cause notice. On 17 October, 2019, in the First Miscellaneous Appeal filed earlier by Grameenphone, the Hon?ble HCD passed an interim order of Injunction restraining BTRC, (cont. 16)

GP 03-Feb-2020

(Continuation news of GP): In parallel, Grameenphone has been continuing engagement with the authorities with a view to find a transparent and amicable resolution. On 18 September, 2019, the Finance Minister in the presence of Minister of Post and Telecommunication, NBR Chairman, BTRC Chairman and representatives of Grameenpnone, got involved to pursue a constructive path towards resolving the issue. There, it was expressed that BTRC would withdraw the show Cause (cont. 15)

GP 03-Feb-2020

(Continuation news of GP): The said application was rejected by the District Court Against the rejection order, on 17 September, 2019, Grameenphone filed an appeal (First Miscellaneous Appeal) before the Hon'ble HCD. On September 05 2019, BTRC issued a show cause notice to Grameenphane as to why Grameenphone's 2G & 3G licenses should not be cancelled. Grameenphone responded timely to the show cause notice on 03 October, 2019. (cont. 14)

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