The Bangladesh Submarine Cable Company Limited (BSCCL) is set to export 600 Gbps (gigabits per second) bandwidth worth $3.6 million to the Saudi Telecom.
The capacity will be transferred from the western part of the core cable of the SMW-5 submarine cable to Yanbu in Saudi Arabia through Marseille in France, BSCCL Managing Director Mashiur Rahman told the FE.
The transfer will be implemented following the signing of a formal agreement between the two parties.
In this regard, Mr Mashiur said that the agreement will be signed in March next.
Both parties are now finalising the details of the agreement.
The deal will help reduce the operation and maintenance cost of BSCCL on SMW-5 submarine cable, according to a company release.
Bangladesh got connected with the first undersea cable, South East Asia - Middle East - Western Europe 4 (SEA-ME-WE 4), in 2006 and with the second one, SEA-ME-WE 5, in 2017.
BSCCL is a core telecommunications service provider and international submarine cable operator of Bangladesh.
The company emerged in July 2008 as a public limited company.
The Bangladesh government has 73.84 per cent stakes in the company, institutional investors have 11.58 per cent, foreign investors 2.72 per cent and general investors 11.86 per cent stakes.