Essay about A Business Profile of Banglalink™
A BUSINESS PROFILE OF BANGLALINK™
This report was a requirement to complete the “Management Process” of any organization. The purpose of this research project was to represent an overview of Banglalink. The research paper represents the organizational structure, management technique, nature of problems, corporate social responsibilities, human resource management, leadership style, motivational style etc.
Banglalink is one of the largest foreign direct investments in Bangladesh. The company has the backing of the international telecoms powerhouse Orascom. After its inception, the company has growth rapidly into the leading mobile phone service provider of the country. Orascom Telecom Holding S.A.E. ("Orascom Telecom") or …show more content…
In July, 2004, it was reported that Orascom Telecom is set to purchase through a hush- hush deal the Malaysian stakes in Sheba Telecom, as it had failed to tap the business potentials in Bangladesh mainly due to a chronic feud between its Malaysian and Bangladeshi partners. An agreement was reached with Orascom worth $25 million was finalized in secret. The pact has been kept secret for legal reasons, considering financial fallout and because of the feud.
The main reason for the undercover dealing was because the existing joint venture agreement between the Bangladeshi and the Malaysian partners dictates that if any party sells its Sheba shares, the other party will enjoy the first right to buy that.
Integrated Services Ltd (ISL), the Bangladeshi partner, was being 'officially' shown as purchasing the shares held by Technology Resources Industries (TRI) of Malaysia for $15 million. ISL then paid another $10 million to Standard Chartered Bank to settle Sheba's liabilities. Sheba had a base 59,000 users, of whom 49,000 were regular when it was sold.
In September, 2004, Orascom Telecom Holdings