TeleTalk IPO Confirmed, But Will Viettel Settle For 25%?

The government of Bangladesh has confirmed plans to sell 25% of struggling mobile network operator TeleTalk as part of a broader initiative to privatise more than 20 other state-run companies this year, reports the Financial Express. The company, which is the smallest on the market and which competes with five other players, needs a substantial financial injection if it is to capitalise on its first-mover advantage in the 3G field and consolidate the progress it has made with 2.5G technology.

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