Technology Overview

bracNet, a leading local internet service provider and KDDI Corporation, the second largest telecommunication company in Japan have announced the launch of bracNet-DEFTA-KDDI joint venture in Bangladesh.

KDDI Corporation has forayed into Bangladesh market acquiring 50 per cent stakes of BRAC BDMail Network Limited (bracNet). According to the Japanese trade official, KDDI found potential future of business in Bangladesh for its huge population and possible growth in telecom and internet service markets. Entry of KDDI in Bangladesh would give a further boost to the growing telecom and ICT sector of Bangladesh and help to achieve the goal of “Digital Bangladesh by 2021”.

A senior official of bracNet said partnership with KDDI would enhance their company's financial and technical strengths for further expansion of existing services and take it to the doorsteps of consumers at an affordable cost.

Sir Fazle Hasan Abed, KCMG, the founder and Chairperson of BRAC was the chief guest in the ceremony. Dr. Syed Abdus Samad, executive chairman, Board of Investment, Prime Minister's office, Abdul Muyeed Chowdhury, chairperson bracNet and Mohammad Abdur Rab, CEO bracNet were also present.

Tadashi Onodera, president and chairman, KDDI Corporation and Gorge Hara, chairman, Alliance Forum Foundation and DEFTA Partners, LLC, represented KDDI, Japan and DEFTA Partners respectively.