Grameenphone, Bangladesh

Grameenphone became stock listed in November 2009, with, as at the date of this Base Prospectus, the largest ever public offering in Bangladesh. It is listed on both the Dhaka and Chittagong Stock Exchanges. As of 31 Dec 2017, Telenor held 55.8% of the shares in Grameenphone, while Grameen Telecom, the other main shareholder, held 34.2%. The remaining 10% of the shares were held by general retail and institutional investors.

Key facts

  • The largest of four mobile operators in the country
  • Offers core voice and data services and a number of value-added services on both a prepaid and contract basis
  • 65.329 million mobile subscriptions (2017)
  • 2810 employees (2017)
  • Total revenues of NOK 13.156 billion (2017)
  • Monthly Mobile ARPU: NOK 16 (2017)
  • Telenor holds a 55.8 % ownership interest in Grameenphone (as of 31 March 2011)
  • Grameenphone is listed on the Dhaka Stock Exchange (DSE) Ltd. and the Chittagong Stock Exchange (CSE) Ltd
  • Headquarters are located in Dhaka
  • CEO: Michael Foley

Innovative mobile based solutions

Grameenphone has been a pioneer in bringing innovative mobile-based solutions to Bangladesh. Notable among these is the Healthline, a 24 hour medical call centre manned by licensed physicians. Other innovations include Studyline, a call centre-based service providing education related information, Mobicash, for electronic purchase of train tickets, Billpay, for paying bills through mobile phones and over 500 community information centres across Bangladesh. These centres bring affordable Internet access and other information based services to people in rural areas.

Socio-economic impact of mobile financial services

The introduction of mobile financial services to Bangladesh could serve as a solution for 76 % of the population in Bangladesh that are unbanked. The prediction comes from a study conducted by the Boston Consulting Group for Telenor in 2011 on the socio-economic impact of mobile financial services. The Bangladeshi economy stands to gain as well with the introduction of mobile financial services, adding a 2 % increase to the total Gross Domestic Product by 2020. The economical and societal contributions of the new business activity include creating 500,000 new jobs and improving health care access.

Read more about our impact

Historical background

Launched in 1997, Grameenphone was the first Telenor venture in the Asian telecom market. Telenor and its partners have boosted network capacity and extended coverage to new and often remote areas, connecting millions of previously unconnected people.

Analytical information

For detailed information on regulatory matters, network, licenses and competitors, see our business descriptions for Grameenphone.

Company Website

Visit the Grameenphone website

Key Figures for Grameenphone

To find key figures visit the quarterly report