Company Profile

Grameenphone Ltd. is the largest mobile telecommunications operator in Bangladesh in terms of revenue, coverage and subscriber base. The company was incorporated on 10 October 1996 as a private limited company. Grameenphone converted to a public limited company on 25 June 2007. The company became stock listed and started its trading at Dhaka and Chittagong Stock Exchanges from 16 November 2009. The shareholding structure comprises of mainly two sponsor Shareholders namely Telenor Mobile Communications AS (55.80%) and Grameen Telecom (34.20%). The rest 10.00% shareholding includes General public & other Institutions.

Company ProfileGrameenphone Ltd. is a leading provider of telecommunications services of Bangladesh. The company operates a digital mobile telecommunications network based on the GSM standard in the 900 MHz, 1800 MHz and 2100 Mhz frequency bands, under license granted by the Bangladesh Telecommunication Regulatory Commission (BTRC). The table below gives an overview of the mobile spectrum licenses held by
Grameenphone Ltd.

Spectrum Bandwidth (MHz) Expiry
900 MHz 2×7.4 2026
1800 MHz 2×7.2 + 2×7.4 2026
1800 MHz 2×5 2033
2100 MHz 2×10 2028

Grameenphone Ltd. serves both rural and urban customers across Bangladesh, where mobile telephony is a major driver of socioeconomic development. The company envisions to provide the power of digital communication, enabling everyone to improve their lives, build societies and secure a better future for all. The company also has always been a pioneer in introducing new products and services in the local telecom market. 

Grameenphone Ltd. built its network on a nationwide basis. As of December 2017, the company’s network covered more than 99% of Bangladesh’s population with 2G services and more than 92% population with high speed 3G network. The company was awarded with license of 4G/LTE cellular mobile phone services on 19 February 2018. Grameenphone Ltd. has so far invested more than BDT 313 billion to build the network infrastructure. It is one of the largest taxpayers in the country, having contributed more than BDT 585 billion in direct and indirect taxes to the Government Exchequer since inception.


The shareholders:

Telenor Mobile Communications AS (TMC)

TMC is an indirectly wholly-owned subsidiary of Telenor ASA. Telenor ASA is the leading Telecommunications Company of Norway listed on the Oslo Stock Exchange. TMC owns 55.80% shares of Grameenphone Ltd. Telenor was founded in 1855 and builds on over a 160 years of telecom experience from Norway. Through international expansion, Telenor today has mobile operations with solid market positions in Scandinavia, Central and Eastern Europe and Asia. Telenor had, as of 31 December 2017, 178 million mobile subscribers across its footprint, as well as 2 million fixed broadband and 2 million TV customers in Scandinavia.

In addition to Norway and Bangladesh, Telenor owns mobile telephony companies in Sweden, Denmark, Hungary, Serbia, Montenegro, Bulgaria, Thailand, Malaysia, Pakistan and Myanmar. Telenor uses the expertise it has gained at its home and international markets for the development of emerging markets like Bangladesh.

As part of the conversion of Grameenphone from a private limited to a public limited company, Telenor Mobile Communications AS transferred ten (10) shares each on 31 May 2007 to its three (3) affiliate organisations, namely Nye Telenor Mobile Communications II AS, Norway; Telenor Asia Pte. Ltd., Singapore; and Nye Telenor Mobile Communications III AS, Norway.


Grameen Telecom (GTC)

Grameen Telecom, which owns 34.20% of the shares of Grameenphone Ltd., is a not-for-profit company in Bangladesh established by Professor Muhammad Yunus, winner of the Nobel Peace Prize 2006.

GTC’s mandate is to provide easy access to GSM cellular services in rural Bangladesh and create new opportunities for income generation through self-employment by providing villagers, mostly the poor rural women, with access to modern information and communication-based technologies.

Grameen Telecom, with its field network, administers the Village Phone Program, through which Grameenphone provides its services to the fast growing rural customers. Grameen Telecom trains the operators and handles all service-related issues.

GTC has been acclaimed for its innovative Village Phone Program. GTC and its Chairman, Nobel Peace Prize laureate, Professor Muhammad Yunus have received several awards which include; First ITU World Information Society Award in 2005; Petersburg Prize for Use of the IT to improve Poor People’s Lives” in 2004; GSM Association Award for “GSM in Community Service” in 2000.

As part of the conversion of Grameenphone from a private limited to a public limited company, Grameen Telecom transferred one (1) share each on 31 May 2007 to Grameen Kalyan and Grameen Shakti.

Top Twenty Shareholders as on December 31, 2017

Sl.No. Name of Shareholders Number of Ordinary Shares Held Percentage
1 Telenor Mobile Communications AS 753,407,724 55.80%
2 Grameen Telecom 461,766,409 34.20%
3 Grameen Bank Borrower's Investment Trust 11,037,221 0.82%
4 Investment Corporation of Bangladesh 9,912,577 0.73%
5 Government of Norway 8,608,964 0.64%
6 A.K. Khan & Co Limited 5,507,250 0.41%
7 ICB Unit Fund 4,215,549 0.31%
8 AB Investment Limited-Investors Discretionary Account: I2320 2,790,000 0.21%
9 NTC A/C Prince Street Institutional Ltd. 2,607,655 0.19%
10 IDLC Investments Ltd. - Omnibus 2,338,656 0.17%
11 JPMCB NA for JPM Lux A/C Schroder International Selection Fund 2,023,511 0.15%
12 Mellon Bank N.A. A/C Acadien Frontier Markets Equity Fund 1,959,933 0.15%
13 Delta Life Insurance Co. Ltd. 1,820,453 0.13%
14 United Commercial Bank Ltd. 1,702,422 0.13%
15 SSBT A/C Morgan Stanley Institutional Fund, Inc. Frontier Emerging Markets Portfolio 1,504,390 0.11%
16 SSBT FOR SSB LUX A/C Morgan Stanley Asset Management Acting of behalf of Morgan Stanley Galaxy Fund 1,432,430 0.11%
17 Grameen One : Scheme Two 1,400,000 0.10%
18 NTC A/C Harding Loevner Frontier Emerging Markets Portfolio 1,331,600 0.10%
19 The Bank of New York Mellon AF UPS Group Trust 1,314,800 0.10%
20 IDLC Securities Limited 1,271,330 0.09%
  Total 1,277,952,874 94.65%