BMI View: Despite Q412 seeing the first net subscription loss since Q407, we believe Bangladesh’s telecommunications market harbours significant growth potential. This is because losses in Q412 relate specifically to the ban on unregistered prepaid SIMs, whereas medium-term growth potential is derived from the low penetration rates in telecoms markets. A further positive is found in the move to issue 3G licences, with the auction set to commence in June 2013. Mobile operators so far have been able to only offer basic 2G services, but the issuance of licences to create a competitive 3G market will boost the mobile and …
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