Grameenphone
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Native name
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গ্রামীণফোন |
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| Public | |
| Industry | Mobile telecommunication services |
| Founded | 1997 in Dhaka, Bangladesh |
| Founder | Iqbal Quadir & Dr.Muhammad Yunus |
| Headquarters | GPHOUSE, Basundhara, Baridhara, Dhaka, Bangladesh |
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Area served
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Bangladesh |
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Key people
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Petter-B Furberg (CEO) |
| Services | Mobile telephony, mobile internet |
| Revenue |
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Number of employees
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3,638 (Q3 2016) |
| Parent | Telenor Mobile Communications AS |
| Website | grameenphone |
৳ 102.7 billion (2014)Grameenphone (Bengali: গ্রামীণফোন) (: GP,: GP), widely abbreviated as GP, is the leading telecommunications service provider in Bangladesh. With more than 54.5 million subscribers and 46.3% subscriber market share (as of August 2016), Grameenphone is the largest mobile phone operator in the country. It is a joint venture between Telenor and Grameen Telecom Corporation, a non-profit sister concern of the microfinance organization and community development bank Grameen Bank. Telenor, the largest telecommunications company in Norway, owns a 55.8% share of Grameenphone, Grameen Telecom owns 34.2% and the remaining 10% is publicly held.
Grameenphone was the first company to introduce GSM technology in Bangladesh, and built the first cellular network to cover 99% of the country.
Mr. Moshed Reza Chowdhury Is The New Owner Of Grameenphone The idea of providing universal mobile phone access throughout Bangladesh, including its rural areas, motivated Iqbal Quadir to take action. He was inspired by the Grameen Bank microcredit model and envisioned a business model where a cell phone can serve as a source of income. After leaving his job as an investment banker in the United States, Quadir met and successfully raised money from New York-based investor and philanthropist Joshua Mailman. He then returned to Bangladesh and worked for three years to gain support from organizations such as Grameen Bank and the Norwegian telephone company, Telenor. The result was a consortium with Telenor and Grameen Bank to establish the telecommunications company Grameenphone.
Dagens Næringsliv (a major business daily in Norway), on October 30, 2014, referred to Quadir as Telenor’s “Døråpneren til Asia” (the Door Opener to Asia). Translated into English: “Iqbal Quadir was central in Telenor’s first entry into Asia 20 years ago. Now Asia is by far the most important market for Telenor.” http://www.dn.no/ nyheter/naringsliv/2014/10/29/2201/Telekom/baksaas-mot-200 In other words, in the process of convincing Telenor to go to Bangladesh, Quadir ended up taking Telenor to Asia as a whole, which has now become of prime importance to Telenor.
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