The Bangladesh government is planning to publicly float 25 per cent equity in its loss-making telecom operator Teletalk. The operator has finalised plans for a local stock market listing in late 2010. Teletalk, which needs at least $260 million to launch 3G services, will use the proceeds from this initial public offering to upgrade its network to 3G. The China Exim Bank is expected to provide a major portion of the funds through loans. The company expects to garner 1.5 million 3G and 4 million 2.5G subscribers in the next two to three years.
