Fixed asset management in Airtel Bangladesh Limited

Abstract

Telecommunication sector has brought about revolutionary changes in Bangladesh and the first operator to bring such changes was the City Cell in 1989 with a CDM A technology. Later Grameen phone got the license in 1996 and started its journey on 26th March 1997. Grameen phone is the first company in telecommunication sector to cover almost 98% of the subscribers with network. Grameen phone mainly came from the joint venture between the Telenor (55.8%) and Grameen Telecom Corporation (34.2 %). It was the first company to introduce different services to the customers. Bharti airtel started its telecom services business by launching mobile services in Delhi of India in 1995. From then it has become one of the top telecom companies in the world and it was also in the list of top five wireless operators in the world recently by subscription base. In January 2010, Bharti Airtel Limited, Asia’sleading integrated telecom services provider, acquired 70% stake in Warid Telecom, Bangladesh. Since then the journey of airtel in Bangladesh has started. But officially the activities with the brand “airtel” started on 20th, December, 2010 in Bangladesh. The title of the report is “Fixed Asset Management in Airtel Bangladesh Limited”. The report is mostly based on secondary data analysis. In the overall report I have tried to focus mainly on how Airtel Bangladesh Limited manages and conducts operations regarding it’sfixed assets. The fixed assets in the telecom sector holds some unique and distinguished characteristics. Airtel Bangladesh Limited performs it’s Fixed Asset Management by adopting highly advanced accounting principles and standards such as IAS (International Accounting Standards) and by maintaining a world class approach to various fixed asset related accounting activities such as capitalization, depreciation, impairment, disposal and last but not least, by maintaining an updated Fixed Asset Register (FAR).