Investments made by BII in this company:
| Investment name | Commitment | Region | Sector | Start date | Status |
|---|---|---|---|---|---|
| Investment 01 | $25m | South Asia | Technology and telecoms | May 2013 | Exited |
Grameenphone Limited
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.