Robi seeks extension of spectrum fee payment

Bangladeshi mobile services provider Robi is seeking an extension for paying spectrum fees. Robi is seeking an extension of six months as it is trying to acquire funds from foreign financial institutions, The Daily Star reports citing Mahtabuddin Ahmed, Robi's chief financial officer. The government set a deadline of November for the first instalment of spectrum fees. If the government does not extend the deadline, the company will have to seek the funds from local banks, which are facing a "huge liquidity crisis", Ahmed said. Robi will have to pay BDT 19 billion in spectrum fees.