Dhaka, October 12:

Bangladesh’s state-owned post and telecom network will be turned into a public limited corporation (PLC), a move that follows that of Bangladesh Biman, the national airline.

Bangladesh Telegraph and Telephone Board (BTTB) has been a state-run network like such operations across South Asia. The government now wants to convert into a PLC but wants to retain full control. The move is to cut the red tape that causes delays, officials say.