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Old February 14th, 2015, 09:18 AM   #1601
jason.kazi
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US venture capitalist to invest in local app development

THURSDAY, 12 FEBRUARY 2015 AUTHOR / SOURCE: FAISAL MAHMUD E-mailPrintPDF
To take the country's mobile app development into the fast lane, Invictus US Corporation, a New York based venture capitalist firm is going to organise an app development competition titled 'Innovation Next Generatoin' with prize money of $25,000 in Bangladesh. At the ongoing 'Digital World 2015', the 'Innovation next Generation' has established a booth where it is disseminating information about the competition.
Talking with The Independent, John Messer, president of Invictus US Corporation, said they have created the competition to bring all the mobile app developers of the country to submit the concept or idea of their apps to their corporation.
“We are going to select few winners from those idea or concept list. Then we will finance them to develop their apps and to bring those to the market”, said Messer.
Messer said, in the Digital World, he has observed the technological innovations and advancements going on in the country. All the departments and the ministries of the governments have their stalls in the digital world and they are showcasing their contribution towards achieving the vision of digital Bangladesh, he said. “I think this is fantastic. This probably is the best time to invest in Bangladesh's technological sector”.
When asked what type of apps the competition will prefer, the US based venture capitalist said they want to help the young entrepreneurs in the country and want to take their concepts into the market. “So if we see and app idea which can change certain existing concepts in the market and make it better, we will go for it”.
“It can be the next angry bird or the next whatsapp”.
Messer said US is the biggest mobile app buyer in the world and Bangladesh is one of the large suppliers of those apps. Many US companies are suing customized apps for their office usage which are being developed in Bangladesh.
“The internet has changed everything that we do. You now can hire talented developers at any places in the world to develop your products. As businessmen, we obviously wanted best output with the lowest investment, of course without compromising the quality. Bangladeshi developers perfectly fit into that profile”.
He said, for this South Asian region, the sky is the limit in future. “This region represents 23 per cent population of the whole world but in mobile app world, it represents only 7 per cent. It has the immense opportunity to grow”.
Mohammad Mahdee-Uz-Zaman, director of Mobioapp, country's leading mobile app developer who facilitated the competition with the US venture capitalist firm, told The Independent that this is just a small step towards achieving a big goal.
Mobile apps are among the fastest growing sectors in the software industry and it alone generated at least one third of the total revenue earned by the software sector in the past year in the whole world.
The situation in Bangladesh is no different, he said. Observing the mobile app boom, many software companies here have started developing apps. Especially the freelancers who have their accounts in popular online bidding websites like 'odesk' and 'elance', he added.
“Internet penetration across the globe has been increasing in geometric manner because of mobile internet. So, mobile app is the future. Competition like this will only provide the country's tech savvy youth the much needed impetus to move forward”, said Zaman.
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Old February 14th, 2015, 09:19 AM   #1602
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Mahindra Comviva aims to extend business in Bangladesh

Mahindra Comviva, the global leader in providing mobility solutions, yesterday announced that the company is focusing on extending its footprint in the Bangladesh market through introducing its new customer value management solutions to support mobile network operator’s (MNO’s) data growth strategy, says a press release. Mahindra Comviva is the leader in providing mobility solutions, managed across the world and in Bangladesh. With over 95 per cent market share in the electronic recharge space and 3 deployments for its mobiquity mobile money and banking solutions, the company want to leverage from its experiences working with all the leading MNO’s for over 8 years in Bangladesh and focus on increasing mobile data adoption and consumptions, the statement said.
Amit Sanyal, assistant VP and joint head of consumer value solutions at Mahindra Comviva, said, “Our customer value management offerings will support operators in achieving customer retention and improved customer service goals, promoting spend on network, extending subscribers’ life on the network by offering services that bring greater convenience and deliver timely and relevant promotions.”
Reyad Hasnain, country manager for Bangladesh at Mahindra Comviva, said, “With our growing footprint in Bangladesh, we will continue to help regional operators and financial institutions to achieve bottom line benefits, with solutions that drive operational efficiencies and optimize existing investment.”
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Old February 14th, 2015, 10:12 AM   #1603
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Goldberg unveils new mobile brand
Star Business Desk

Officials of Goldberg pose during the launch of the company's first batch of feature and smartphones at a press meet at The Daily Star Centre yesterday. Photo: Goldberg
Officials of Goldberg pose during the launch of the company's first batch of feature and smartphones at a press meet at The Daily Star Centre yesterday. Photo: Goldberg
Goldberg, a new mobile brand, has brought four feature phones and three smartphones to the Bangladesh market as part of its first collection.
The phones will be available in 51 districts from mid-February, it said in a statement yesterday.
Also, the company will set up 20 customer care centres and make available a wider range of smartphones by April 2015.
Goldberg aims to become a major player in the Bangladeshi mobile devices market with best quality products, it said.
It is targeting the young consumers with good devices at unbeatable prices, Abrar Rahman Khan, chief executive of the company, said. Goldberg is a concern of Khansons Group.
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Old February 15th, 2015, 01:29 AM   #1604
TIslam
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Quote:
Originally Posted by jason.kazi View Post
Goldberg unveils new mobile brand
Star Business Desk

Officials of Goldberg pose during the launch of the company's first batch of feature and smartphones at a press meet at The Daily Star Centre yesterday. Photo: Goldberg
Officials of Goldberg pose during the launch of the company's first batch of feature and smartphones at a press meet at The Daily Star Centre yesterday. Photo: Goldberg
Goldberg, a new mobile brand, has brought four feature phones and three smartphones to the Bangladesh market as part of its first collection.
The phones will be available in 51 districts from mid-February, it said in a statement yesterday.
Also, the company will set up 20 customer care centres and make available a wider range of smartphones by April 2015.
Goldberg aims to become a major player in the Bangladeshi mobile devices market with best quality products, it said.
It is targeting the young consumers with good devices at unbeatable prices, Abrar Rahman Khan, chief executive of the company, said. Goldberg is a concern of Khansons Group.
I wonder why they chose the name Goldberg.
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Old February 15th, 2015, 07:52 PM   #1605
Equinox2
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Originally Posted by TIslam View Post
I wonder why they chose the name Goldberg.
Maybe they are wrestling fans haha?
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Old April 6th, 2015, 07:43 AM   #1606
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Hi-tech data centre gets go-ahead

Star Business Report
The cabinet committee on purchase yesterday approved a proposal to set up a national data centre where the government and companies can store their digital information.

The Export-Import Bank of China will bankroll the $154 million project, which will be built on the premises of the Kaliakoir hi-tech park in Gazipur. Once completed, it will be one of the largest data centres in the world.

The negotiated price is however $20 million or 15 percent more than the initial survey carried out in 2012.

In its proposal, the ICT Division said the price went up as the earlier proposal did not include the cost of construction of the building to house the centre.

The issue of setting up a fire-resistant building and ensuring military grade security were also not considered in the earlier cost estimation.

The EXIM Bank of China will provide the loan at 2 percent interest and the repayment period will be for 20 years, with a five-year grace period.

China has nominated state-owned ZTE Holdings Company and ZTE Corporation for setting up the centre.

ZTE Corporation on behalf of the two companies has already conducted a feasibility study for free of cost. The two Chinese companies will set up the centre in a direct purchase method.

Under the project, a high performance, well-structured and well-protected four-tier data centre will be established, which the government and private companies, including foreign multinationals, can use to store data.

Bangladesh Computer Council has already set up a tier-3 data centre to advance the government's Digital Bangladesh Vision. The government says the need for a larger centre has already been created because of the proliferation of online services across the country in the last few years.

The tier ranking for data centres relies on the service of quality and availability. A tier-4 data centre is composed of multiple active power and cooling distribution paths, has redundant components, and is fault-tolerant, providing 99.995 percent availability.

The cabinet purchase committee also approved a proposal to buy 1.5 lakh tonnes of wheat, instead of 2.5 lakh tonnes as agreed earlier, from Ukraine under a government-to-government arrangement for $261 a tonne.

The committee also gave the go-ahead to two separate proposals to buy a total of 1 lakh tonnes of wheat from Glencore Grain.
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Old May 15th, 2015, 12:45 AM   #1607
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Bangladesh aims to link with second submarine cable by next year
Staff Correspondent

Aiming to connect Bangladesh with a second submarine cable by the end of next year, a project proposal involving Tk 660.64 crore is to be placed today before the Executive Committee of National Economic Council (Ecnec) for approval.

Bangladesh Submarine Cable Company Ltd (BSCCL), tasked with installing the second submarine cable connection, plans to take a loan of $44 million (Tk 352 crore) from the Islamic Development Bank for implementing the project.

But for that, the state-run company needs permission from the Ecnec, the highest authority for approving development projects.

Of the remaining amount for the project, the government will provide Tk 166 core and the BSCCL Tk 142.64 crore.

Once the country gets its second connection, it will obtain bandwidth of more than 1,300 gigabits per second (Gbps) in addition to 200 Gbps bandwidth from the existing SEA-ME-WE-4 connection, BSCCL Managing Director Monwar Hossain told this correspondent citing a BSCCL calculation.

The country got its first submarine cable connection -- SEA-ME-WE-4 -- in 2006.

The BSCCL signed a deal with SEA-ME-WE-5, a 14-nation consortium, in March last year to get a second connection, and got approval from the cabinet committee on economic affairs in April this year.

“The project is underway but we need the government's approval for getting the loan from the IDB,” said Monwar.

The second connection would allow Bangladesh to stay online always and start full-fledged international bandwidth trade, he said.

“We need redundancy and this cable can ensure redundancy for us,” he added.

According to project documents, if there is a cut in the existing submarine cable line, it needs seven to 10 days for repair. This means Bangladesh needs redundancy from another connection.

“SEA-ME-WE-4 already passed more than half of its lifespan and we need to connect with another cable before 2025,” said Monwar.

At present, India has eight connections, Pakistan four and Sri Lanka three.

BSCCL Officials said the second submarine cable installation is likely to be completed by next year, and the landing station in Bangladesh will be at Kuakata in Patuakhali.

Half of the work at Kuakata has already been completed, they added.

According to the project proposal, the country requires a big volume of bandwidth with high speed following the launch of 3G data services. Subscribers are waiting for 4G and LTE (Long-Term Evolution) services that also need more bandwidth. It is now essential for Bangladesh to get connected with SEA-ME-WE-5.

The $44 million loan to be taken from the IDB will be payable in 10 years with a three-year grace period. The interest rate on the loan would be 4.15 percent, read the documents.

On top of that, there will be a service charge of 2.8 percent to be paid in 26 instalments.

Earlier, the IDB gave Bangladesh a loan when the country got connected with SEA-ME-WE-4 at a cost of $35.2 million in 2006. The loan was paid back in 18 instalments.

Sources said 17 companies from 14 countries have joined SEA-ME-WE-5 to get connected with the 20,000km cable line from Singapore to France.

Initially, the lifespan of the cable is set at 20 years but it could be extended by five years.

Apart from the BSCCL, the 16 other companies that joined the consortium include the Singapore Telecommunications (SingTel), China Mobile, China Telecommunications, Emirates Integrated Telecommunications Company, Orange, PT Telekomunikasi Indonesia, Saudi Telecom Company, Telekom Malaysia and several companies from Sri Lanka, Thailand and India.

- See more at: http://www.thedailystar.net/backpage....YRZ1xHV9.dpuf
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