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Bangladesh awards Orascom Telecom subsidiary 3G licence

Egypt's Orascom Telecom Holding (OTH) has announced its subsidiary Banglalink has been awarded a 3G spectrum auction in Bangladesh for a total price of $110.25m, Ahram has reported. The fifteen-year licence will come into force within 180 days of the auction, once the operator has paid the full price. Banglalink is a wholly-owned subsidiary of OTH, launched in February 2005.