Telenor to pay $235.6m in Bangladesh dispute

Bloomberg

Telenor ASA’s Bangladesh unit was ordered by the country’s Supreme Court to pay 20 billion taka ($235.6 million) to the nation’s regulator, the latest step in a long-running dispute, a lawyer for the company said.
The order doesn’t resolve the case, which involves Bangladesh Telecommunication Regulatory Commission seeking 125.8 billion taka from the unit, Grameenphone Ltd, the lawyer, Sharif Bhuiyan, said by phone.
A panel of judges asked the industry regulator to refrain from issuing demands to the telecom operator. Still, it said that the moratorium would be lifted if Grameenphone failed to pay the 20 billion taka within the stipulated three-month period.

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