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Company to be formed to operate Bangabandhu Satellite

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Published: 10:59, 3 July 2017   Update: 15:18, 26 July 2020
Company to be formed to operate Bangabandhu Satellite

Secretariat Correspondent: The government is going to form Bangladesh Communication Satellite Company (BCSC) to operate the country's first-ever Bangabandhu Satellite-1.

The cabinet approved a proposal in this regard at the regular weekly meeting held at Bangladesh Secretariat with Prime Minister Sheikh Hasina in the chair on Monday.

After the meeting, Cabinet Secretary Mohammad Shafiul Alam told reporters that Ministry of Post and Telecommunications placed the proposal for formation of the company. Later, the cabinet approved the plan.

"The satellite will be launched into the space very soon," he said.

"The company will be formed with the authorised capital of Tk 50 billion and it will have Tk 5 billion shares," he said, adding the price of each share will be Tk 10.


risingbd/Dhaka/July 3, 2017/Noimuddin/Nasim

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