British International Investment

Grameenphone Limited

BangladeshSouth AsiaCommunications & IT services

Grameenphone Ltd (GP), is the leading telecoms service provider in Bangladesh, with more than 54.5 million subscribers.

It is a joint venture between Telenor and Grameen Telecom Corporation, a non-profit sister organisation of microfinance and community development bank Grameen Bank. Telenor, the largest telecoms company in Norway, owns a 55.8 per cent share of Grameenphone.

It was the first company to introduce digital mobile technology in Bangladesh, and it built the first cellular network to cover 99 per cent of the country.

The company employs over 4,000 people directly and many more jobs are supported through its third-party vendor network.

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $25m Communications & IT services May 2013 Exited

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