Aamra Technologies Limited, a listed internet gateway service provider, faces a bandwidth capacity cap of 80% by the Bangladesh Telecommunication Regulatory Authority (BTRC) due to unpaid government revenue sharing dues totaling Tk43.75 crore. The BTRC Commissioner, Musfiq Mannan Choudhury, revealed that the issue originated from Aamra Technologies’ failure to clear payments with the Bangladesh Submarine Cable Company Limited, resulting in bandwidth reduction.
The telecom regulator had previously blocked 50% of the company’s bandwidth in July the previous year, reinstating it after payment. Despite efforts by Aamra Technologies’ management to resolve the matter, the outstanding dues of Tk16.25 crore have led to the recent bandwidth restriction, potentially causing disruptions in the company’s internet services to clients.
In the fiscal year 2022-23, Aamra Technologies’ payable to the BTRC for revenue sharing amounted to Tk43.75 crore, with Tk27.50 crore paid by June 30, 2023. The financial statement indicated a significant increase in revenue sharing compared to the previous year, creating financial strain for the company. Aamra Technologies, specializing in IT solutions such as systems integration and core banking software, has been listed on the capital market since 2012. The recent development has impacted its share price, closing at Tk31.30 on Monday, reflecting a 1.62% decrease from the previous trading session.
