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Shares of Aamra Technologies Ltd fell 1.62 per cent on Wednesday as investors remained indifferent to the news that the telecom regulator withdrew bandwidth ban on the company.
Its share price closed at Tk 30.30 on the Dhaka Stock Exchange.
“Bangladesh Telecommunication Regulatory Commission (BTRC) has withdrawn the bandwidth capping of the company with effect from July 26, 2022. Now the company will be given 100 per cent bandwidth supply,” said the international gateway operator in a filing with the DSE.
On July 18, BTRC wrote to the International Terrestrial Cable to restrict bandwidth supply to Aamra Technologies to 50 per cent as the company did not clear the government revenue sharing dues within the stipulated time.
The BTRC lifted the restriction after the company cleared half of the dues, sources said. 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.
