Topic > History of Grameenphone

Grameenphone is the largest mobile phone services company in Bangladesh, present in 13 markets in Europe and Asia. It is a GSM mobile operator company based in Bangladesh. It started its operations on March 26, 1997. It is currently the largest mobile operator in Bangladesh with over 50 million customers. Grameenphone occupies over 50% of the mobile phone market in Bangladesh. Grameenphone was licensed as a mobile operator by the Department of Posts and Telecommunications of Bangladesh on 28 November 1996. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original EssayAfter obtaining the license, Grameenphone started its operations on March 26, 1997, the Independence Day of Bangladesh. Interestingly, the operator is the most popular in Bangladesh. They provide high quality services even in remote areas of the country. Currently, the number of Grameenphone customers is around 70 million. While it had 3G service last year, 4G service was launched in February 2018. Currently 4G service is provided in 64 districts of the country. (Wikipedia, 2018) Grameenphone's Recent Activity: Grameenphone's data subscribers or Internet user base stood at 3.25 million, or 49.9% of the total subscriber. Grameenphone mobile number is more than 2 million. Grameenphone said this in a press release. The statement said that Grameenphone's revenue in the first half of this year is 6,380 million, which is 1.2% higher than the same period last year. Revenue from the data was 21.1% of revenue. And the revenue generated by voice represents 2.4% of growth. Grameenphone CEO Michael Foly said that due to intense competition, the first half of 2018 was very difficult. However, we have been able to maintain healthy growth and margin. We have passed the milestone of 20 million 4G customers and our work to expand and modernize the network is moving forward with the best customer experience. In the statement, Grameenphone 4G license, spectrum, technology neutrality fees, network coverage and capacity development increased in the first half of the year, tk. 2,540 crores. At this time, the company has paid Tk 4,790 crore to the state treasury in the form of taxes, VAT, tariffs, spectrum allocation, technology neutrality and licensing fees. Grameenphone CFO Carl Eric Bronteen said Grameenphone's EBITDA and rub increased in the first half of the year. Grameenphone's first half year activity in 2018 As of the end of June 2018, the total number of subscribers is 671.2 million, of which 33.5 million are Internet users Revenue Revenue 6380 crore, growth of 1.2% Taxes net of 26% of net profit at 26% margin, EPS 12.74 rupeesInvestment in future licenses, spectrum, technology-unbiased tariffs and network coverage and capacity development up to 2540 croresContribution to the state treasury is 4790 crores . Identification and analysis of the internal environment of the company: Ownership: · Grameenphone shareholders have played an important role in the success of the telecom sector and the development sector. Telenor, a 55.8% shareholder of Grameenphone, is the largest telecommunications service provider in Norway, providing mobile services to 12 countries around the world, and is a 34.2% shareholder of Grameen Telecom. Furthermore, other common and institutional investors make up the remaining 10% of Grameenphone shareholders. · The main contribution of Telenor's technological excellence and management is the building of this huge company of..