Since 2020, foreign investment in internet services provider has been allowed in with respect to Nationwide ISP licensee(s). Divisional and district-specific ISP licences remain reserved to wholly-owned Bangladesh investors only. Pursuant to the International Long Distance Telecommunication Services (ILDTS) Policy of 2010, several other telecommunications services are also closed to FDI, e.g., International Gateway (IGW), Interconnection Exchange (ICX), International Internet Gateway (IIG), National Internet Exchange (NIX), IP Telephony, International VoIP Call Termination, IP -TV and ITC licenses.  International Terrestrial Cable (ITC) Systems and Services are also closed to FDI. In addition, foreign investment in other telecommunications services are subject to foreign equity limitations, such as submarine cable operators and telecom tower operators (70% maximum foreign shareholding allowed), and nationwide telecommunication transmission network operators (60% maximum foreign shareholding allowed) [see related entry]. No foreign shareholding limitations applies to public switched telephone operators and international terrestrial cable (ITC) operators.
In 2022, the International Long Distance Telecommunication Services (ILDTS) Policy of 2010 was amended to allow joint ventures between Bangladeshi and foreign investors in all referred services, e.g. IGW, ICX, IIG, NIX, ITC, IP Telephony, IP-TV, international VOIP calls, submarine cables, NTTN, and Tower Sharing.
"10.1 Eligibility for Licenses:
Licenses for IGW, ICX, IIG, NIX, ITC, IP Telephony, IP-TV, international VOIP calls, submarine cables, NTTN, and Tower Sharing will be granted to:
(a) Bangladeshi entities.
(b) Joint ventures between Bangladeshi and foreign entities, provided they comply with relevant Bangladeshi laws and regulations.
All financial transactions for such entities must be conducted through Bangladeshi commercial banks.
10.2 Submarine Cable License (Clause 10.2)
Submarine cable licenses will be granted to Bangladeshi entities or joint ventures with foreign entities, adhering to Bangladeshi laws and regulations. [...]" (INTERNATIONAL LONG DISTANCE TELECOMMUNICATION  SERVICES (ILDTS) POLICY-2010, May 2010, amended by Bangladesh Telecommunication Regulatory Commission (BTRC) Notice No. 14.32.0000.702.42.001.19.1145, "Amendment to the International Long Distance Telecommunications Services (ILDTS) Policy-2010", 13 June 13 2022 [google translated])
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Previously up to 2021
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"5. TYPES OF ISP LICENSES
Intemet Service Provider (ISP) License shall be categorized as Nationwide, Divisional, District, tJpazilalThana. The definition of category of ISPs are as follows: 
5.1 Nationwide ISP License: The Licensee shall provide ISP services anywhere in Bangladesh. 
5.2 Divisional ISP License: Divisional ISP license shall be issued for providing ISP services to administrative area of a particular division. Licensee will be authorised to provide ISP services in the administrative area of that division. One entity shall be issued with only one Divisional ISP license.
5.3 District ISP License: District ISP license shall be issued for providing ISP services to administrative area of a particulardistrict. Licensee will be authorised to provide ISP services in the administrative area of that district. One entity shall be issued with only one District ISP license. 
5.4 Upazila/Thana ISP License: UpazilalThana ISP license shall be issued for providing ISP services to administrative area of a particular Upazila/Thana. Licensee will be authorised to provide ISP services in the administrative area of that Upazila/Thana. One entity shall be issued with only one UpazilalThana ISP license.
[...]
7. ELIGIBILITY
7.1 Proprietorship, partnership and companies registered under 'Joint Stock of Companies and Firms' under the Companies Act 1994 are eligible to apply for the License to build, maintain and operate Internet Service Provider (ISP) systems and services in Bangladesh.
7.2 Foreign Direct Investment shall be applicable only for Nationwide ISP licensee(s). In case of foreign investment, the entity shall follow the Foreign Direct Investment (FDI) policy of the Govemment and all the rules, regulations and instructions of Bangladesh Bank, Bangladesh Investment Development Authority (BIDA) and any other competent authority of the Government shall be binding to the license. [...]" (REGULATORY AND LICENSING GUIDELINES FOR INTERNET SERVTCE PROVIDER (ISP), 15 December 2020)
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Previously up to 2019
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"9.  OPERATOR LICENSES 
9.1 The following categories of Operator Licenses will be issued by the Government/ BTRC under the guidelines to be formulated and approved by the government as and when required: for introducing IP Telephony services in the country
9.1.1  IGW Operator License.  9.1.2 ICX Operator License. 9.1.3  IIG License. 9.1. 4 IP Telephony License.  9.1.5 NIX Operator License. 9.1. 6 Submarine Cable (SC) License. 9.1. 7 International Terrestrial cable (ITC) License. 9.1. 8 International VoIP Call Termination license. 9.1. 9   IP-TV Services License. 9.1.10 Any other Licenses relevant to this policy. 
10. ELIGIBILITY OF LICENSEES 
10.1 IGW, ICX, IIG, NIX, IP Telephony, International VoIP Call Termination, IP -TV and ITC licenses will be issued to Bangladeshi entities (resident citizens, Non-resident Bangladeshi (NRB), proprietorships, partnerships and companies registered under „Joint Stock of Companies and Firms‟ under the Companies Act, 1994). Foreign entities (citizens, companies or subsidiaries or holding companies) are not be eligible to be Owners/ Directors/ Shareholders/Investors/Partners of these licensee entities. All financial transactions must be through a scheduled Bank of Bangladesh. 10.2   SC operator licenses will be issued to the Bangladeshi entity or joint venture with foreign entity.   10.3   One business entity will be allowed to get more than one licenses of IGW, ICX, IIG, NIX, IP Telephony, International VoIP Call Termination, IP-TV, SC and ITC category.  [...]" (INTERNATIONAL LONG DISTANCE TELECOMMUNICATION  SERVICES (ILDTS) POLICY-2010, May 2010)
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"10. ELIGIBILITY 
10.01 IGW operator license will be issued or y to Bangladeshi entities (resident citizens, Non-resident Bangaleshi (NRB), proprietorships, partnerships-under the Partnership Act, 1932 and companies registercd under 'Joint Stock Companics and liims' undcr thc Companics Act, 1994). Foreign entities (citizens, companies or subsidiaries or holding companies) shall not be eligible to be Owners/ Directors/ Shareholders/ lnvestors/ Partners ofthese licensee entities. [...]" (REGULATORY AND LICENSING GUIDELINES ON International Gateway (IGW) Services, No. 1 4.32.0000.702.42.001.18.17 47, 19 September 2018)
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"4.11 Eligibility
ITC Licences will be issued to Bangladesh entities (resident citizens, non-resident Bangladeshi (NRB), propriertorships, partnerships and companies registered with the 'Joint Stock of Companies and Firms'). Foreign entities (citizens, companies (subsidiary or holding) whatsoever) or firms) are not elegible to be owners/directors/sahreholders/investors/partners of these licensee entities [...]" (Regulatory and Licensing Guidelines for Issuing License to Build, Operate and Maintain International Terrestrial Cable (ITC) Systems and Services in Brangladesh, 31 March 2011)
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(Regulatory and Licensing Guidelines for Invitation of Offers/Proposals for Issuing License For Interconnection Exchange (ICX) Services Establishing, Operating and Maintaining in Brangladesh, 20 October 2011 [not reproduced here])
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(Regulatory and Licensing Guidelines for Issuing License to National Internet Exchange (NIX), 27 June 2012 [not reproduced here])
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(Regulatory and Licensing Guidelines for Invitation of Offers/Proposals for Issuing License For Establishing, Operating and Maintaining International Gateway (IGW) Services in Brangladesh, 19 September 2018 [not reproduced here])
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(Regulatory and Licensing Guidelines for Invitation of Offers/Proposals for Issuing License For Establishing, Operating and Maintaining  International Internet Gateway (IIG) Services in Brangladesh, 20 October 2011 [not reproduced here])
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(AMENDED REGULATORY AND LICENSING GUIDELINES FOR  INTERNET PROTOCOL TELEPHONY SERVICE PROVIDER LICENSE, No. BTRC/LL/IP Telephony (276)/2008-260(1), 4 June 2009 [not reproduced here])
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(Regulatory and Licensing Guidelines for Issuing License to VoIP Service Provider (VOIP) in Bangladesh, 22 July 2012 [not reproduced here])
INTERNATIONAL LONG DISTANCE TELECOMMUNICATION  SERVICES (ILDTS) POLICY-2010, May 2010, amended by Bangladesh Telecommunication Regulatory Commission (BTRC) Notice No. 14.32.0000.702.42.001.19.1145, "Amendment to the International Long Distance Telecommunications Services (ILDTS) Policy-2010", 13 June 13 2022 
REGULATORY AND LICENSING GUIDELINES FOR INTERNET SERVTCE PROVIDER (ISP), 15 December 2020
INTERNATIONAL LONG DISTANCE TELECOMMUNICATION  SERVICES (ILDTS) POLICY-2010, May 2010
REGULATORY AND LICENSING GUIDELINES ON International Gateway (IGW) Services, No. 1 4.32.0000.702.42.001.18.17 47, 19 September 2018
Regulatory and Licensing Guidelines for Issuing License to Build, Operate and Maintain International Terrestrial Cable (ITC) Systems and Services in Brangladesh, 31 March 2011
Regulatory and Licensing Guidelines for Invitation of Offers/Proposals for Issuing License Fo Interconnection Exchange (ICX) Services Establishing, Operating and Maintaining in Brangladesh, 20 October 2011
Regulatory and Licensing Guidelines for Issuing License to National Internet Exchange (NIX), 27 June 2012
Regulatory and Licensing Guidelines for Invitation of Offers/Proposals for Issuing License For Establishing, Operating and Maintaining International Gateway (IGW) Services in Brangladesh, 19 September 2018
Regulatory and Licensing Guidelines for Invitation of Offers/Proposals for Issuing License For Establishing, Operating and Maintaining  International Internet Gateway (IIG) Services in Brangladesh, 20 October 2011
AMENDED REGULATORY AND LICENSING GUIDELINES FOR  INTERNET PROTOCOL TELEPHONY SERVICE PROVIDER LICENSE, No. BTRC/LL/IP Telephony (276)/2008-260(1), 4 June 2009 [not reproduced here]
Regulatory and Licensing Guidelines for Issuing License to VoIP Service Provider (VOIP) in Bangladesh, 22 July 2012
[<a href="https://btrc.gov.bd/sites/default/files/files/btrc.portal.gov.bd/notices/0ad9c60f_4a1f_44e6_a88e_97aa926e80f5/2022-06-13-04-05-ec3cd813af45ba054469bfedb88b6338.pdf">Amendment</a>],[<a href="http://btrc.portal.gov.bd/sites/default/files/files/btrc.portal.gov.bd/page/1c1ea1c0_f8ef_4cdf_9005_d8a34b9ca554/2022-08-22-04-48-d209d32d1b4d7b5b7031b990b6681752.pdf">Guideline</a>],[<a href="https://ptd.portal.gov.bd/sites/default/files/files/ptd.portal.gov.bd/page/508a35d2_177c_4c29_adec_6c04c39e6464/ILDTS_Policy_2010.pdf">Policy</a>],[<a href="https://btrc.portal.gov.bd/sites/default/files/files/btrc.portal.gov.bd/page/1c1ea1c0_f8ef_4cdf_9005_d8a34b9ca554/2022-11-20-05-06-6da57a5ce394368ae2cbe1c3739f1ca4.pdf">Guideline</a>],[<a href="https://lims.btrc.gov.bd/uploads/service_guideline/IGW%20Licensing%20Guidelines.pdf">Guideline</a>],[<a href="https://btrc.portal.gov.bd/sites/default/files/files/btrc.portal.gov.bd/page/1c1ea1c0_f8ef_4cdf_9005_d8a34b9ca554/2022-02-27-04-36-178d8b6c0bc4ff2985dc9a94edc982e3.pdf">Guideline</a>],[<a href="https://btrc.portal.gov.bd/sites/default/files/files/btrc.portal.gov.bd/page/1c1ea1c0_f8ef_4cdf_9005_d8a34b9ca554/2022-11-20-05-12-09a8a1c1b5d091b5be3b383e6ab068f0.pdf">Guideline</a>],[<a href="https://btrc.portal.gov.bd/sites/default/files/files/btrc.portal.gov.bd/page/1c1ea1c0_f8ef_4cdf_9005_d8a34b9ca554/2022-08-14-07-23-92a487d631cfd10f8f709692241029e0.pdf">Guideline</a>],[<a href="https://btrc.portal.gov.bd/sites/default/files/files/btrc.portal.gov.bd/page/1c1ea1c0_f8ef_4cdf_9005_d8a34b9ca554/2024-06-03-05-16-96669b4b329d0a9e2e19a335eec70458.pdf">Guideline</a>],[<a href="https://btrc.portal.gov.bd/sites/default/files/files/btrc.portal.gov.bd/page/1c1ea1c0_f8ef_4cdf_9005_d8a34b9ca554/2024-06-03-05-19-4a8b14e027048ab78e447e5e15778799.pdf">Guideline</a>],[<a href="https://btrc.portal.gov.bd/sites/default/files/files/btrc.portal.gov.bd/page/1c1ea1c0_f8ef_4cdf_9005_d8a34b9ca554/2024-06-02-03-49-37c4a6305a2bc8e638b9fca221c0a721.pdf">Guideline</a>],[<a href="https://btrc.portal.gov.bd/sites/default/files/files/btrc.portal.gov.bd/page/1c1ea1c0_f8ef_4cdf_9005_d8a34b9ca554/2022-02-27-04-35-2f312087d0cfff8c2cbe6677e1e80ba6.pdf">Guideline</a>]