The Bangladesh Telecommunications Regulatory Commission (BTRC) is likely to auction three international voice gateway exchange operating licences in February 2008. The auction will be based on open bids, with participants bidding for the percentage of revenue to be shared with the BTRC. The commission is currenty in the process of shortlisting companies from the 42 private sector applications it received after launching a tender in October 2007. The international voice telephony sector is at present a monopoly of state-run Bangladesh Telegraph and Telephone Board.