Know Everything about Grameen Phone Bangladesh
Grameen Phone Bangladesh works as a joint venture between Grameen Telecom Corporation and Telenor since 1997.
With 74 million subscribers they are serving in Bangladesh as mobile telecommunication provider covering almost 99% of the country. Michael Foley is the CEO of the company with 2,412 employees.
In 2018, the company generated a revenue of 132.8 billion by accumulating net income of 35.2 billion.
When was it introduced in Bangladesh?
Grameen Phone was the initiative of Iqbal Qadir who planned to work with the Norwegian telephone company, Telenor to establish a universal mobile network in the country.
He got his first investment from a New York-based philanthropist, Joshua Mailman. In 1996, the company got licensed to perform and establish a cellular network in the area.
Soon this initiative came operational on the Independence Day of Bangladesh on 26th March 1997. The company witnessed the success rate by becoming the first-ever one to reach million, ten million and fifty million subscribers
in the country.
In November 2009, they got listed on both the stock exchange of Dhaka and Chittagong. At present, it is headquartered in GP HOUSE, Bashundhara, Dhaka, Bangladesh.
Grameen Phone on 31st March 2017 announced its maximum shares 55.8% held by Telenor, while Grameen Telecom holds 34.2% shares and 10% were left for institutional investment and general retail.
Are their telecommunication services faster?
With innovative mobile-based solutions, Grameen Phone is providing voice, data and other value-added services. They allow these services through a contract or either through prepaid basis in the market.
They have better, reliable and faster services than any other operator in Bangladesh. Among some notable features, they allow Healthline, a 24-hour medical call center with licensed physicians.
Even they go for GPay, Billpay, Online Schools, Studyline, GP Music and MyStudy like initiatives on their handsets.
On what system they rely on for network?
For network, they have invested more than US$4.12 billion to build such an infrastructure that can support the largest cellular network in the country.
Their base stations counts around 15,900 offerings GPRS/EDGE/3G/4G enabled networks with access to the internet. Even they have over 376,000 recharge outlets, 6,836 GP Express stores and 2 GP Lounges across the country to help customers in every possible way.
Why choose them over other providers?
Grameen Phone has introduced users with affordable mobile service in Bangladesh. This service envisioned the goal of providing the power of a mobile phone in the hands of every person in the country.
They are now focusing on digitalizing customer's lives by offering high-speed 3G and 4G services. They have put forward every step to build trust and a loyal environment for their customers.
What's in news?
On September 14th, 2019 Grameen Phone was asked to pay Tk 30 crore of fine by High Court for providing broadband internet services under Go Broadband.
The order was placed by the court to BTRC (Bangladesh Telecommunication Regulatory Commission to issue a fresh letter regarding the proceedings to Grameen Phone in four months.