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Zenith, Bangladesh Online in pact

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CIOL Bureau
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DHAKA: Leading Internet service provider Bangladesh Online Limited (BOL) and India's Zenith Computers Ltd. may launch a joint venture to produce computer hardware and software, BOL officials said. "We recently signed a memorandum of understanding (MoU) with Zenith Computers Ltd. of India to produce computer hardware and software," Asad Ullah, BOL company secretary told Reuters.



The BOL and Zenith Computers would hold equal equity in the proposed joint venture company, Ullah said but did not elaborate. Stock brokers said BOL shares jumped 11.76 percent on the Dhaka Stock Exchange (DSE) on Monday following the joint venture news. Zenith Computer shares rose slightly.



© Reuters

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