Home ›› 20 Jul 2022 ›› Stock
Shares of Aamra Technologies Limited plunged as much as 1.87 per cent on Tuesday, a day after the telecom regulator capped the bandwidth capacity of the company at 50 per cent.
The company’s share price fell by 1.87 per cent to Tk 31.50 on the Dhaka Stock Exchange.
Bangladesh Telecommunication Regulatory Commission (BTRC) on Monday said that the technology company did not clear the government revenue sharing dues within the stipulated time.
The directive went into effective immediately. The BTRC wrote to the Bangladesh Submarine Cable Company Limited, the Bangladesh Telecommunication Company Limited, and six other IIG operators about the bandwidth restriction of Aamra Technologies.
However, BTRC has not confirmed the amount of arrears for which the company has lost half of its available bandwidth capacity.
Aamra Technologies made its stock market debut in 2012. It is mainly engaged in providing the banking market with hardware, software and connectivity solutions. The company offers IT solutions and services that include Systems Integration, Information System Outsourcing, Core Banking Software, Switching and Network and Solutions, supply, implementation and maintenance.
It was previously known as Texas Electronics Limited and changed its name to Aamra Technologies Limited in December 2007.
