blog




  • Essay / History of Grameenphone

    Grameenphone is the largest mobile phone service company in Bangladesh, operating in 13 markets across Europe and Asia. It is a Bangladeshi mobile operator based on GSM. It started operations on March 26, 1997. It is currently the largest mobile operator in Bangladesh with over 50 million customers. Grameenphone occupies more than 50 percent of the mobile phone market in Bangladesh. Grameenphone obtained its mobile operator license from the Department of Posts and Telecommunications of Bangladesh on November 28, 1996. Say no to plagiarism. Get Custom Essay on “Why Violent Video Games Should Not Be Banned”?Get the original essayAfter obtaining the license, Grameenphone started operations on March 26, 1997, the Independence Day of Bangladesh. It is worth noting that the operator is 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. Although last year 3G service was available, 4G service was launched in February 2018. At present, 4G service is provided in 64 districts of the country. (Wikipedia, 2018)Recent Activity of Grameenphone: Grameenphone's data subscriber or internet user base stood at 3.25 million, accounting for 49.9% of the total subscribers. Grameenphone's mobile number exceeds 2 million. » said Grameenphone in a press release. The statement said Grameenphone's revenue in the first half of this year stood at 6,380 crore, 1.2 percent higher than the same period last year. Data-driven revenue accounted for 21.1% of revenue. And voice revenue accounts for 2.4 percent of the growth. Grameenphone CEO Michael Foly said that due to intense competition, the first half of 2018 was very difficult. We nevertheless managed to maintain healthy growth and margins. We have reached the milestone of 20 million 4G customers and our work to expand and modernize our network continues with the best customer experience. In the release, Grameenphone 4G license, spectrum, technology neutrality fees, network coverage and capacity building increased in the first half, tk. 2,540 crores. At that time, the company paid Tk 4,790 crore to the exchequer in the form of taxes, VAT, customs duties, spectrum allocation, technology neutrality and license fees. Grameenphone CFO Carl Eric Bronteen said that Grameenphone's EBITDA and friction increased in the first half. Grameenphone's first half business in 2018 As of the end of June 2018, the total number of subscribers is 671.2 million, including 33.5 million internet users Income Revenue 6380 crores, growth of 1.2% Net taxes 26% of net profit with 26% margin, EPS 12.74 rupees Investments in future licensing, spectrum, unbiased technologies, network coverage and capacity building up to 2540 croresContribution to the exchequer stands at 4790 crores. Identification and analysis of the internal environment of the company: Ownership: · Grameenphone shareholders have played a great role in the success of the telecommunications 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 a 34.2% shareholder of Grameen Telecom. In addition, other common and institutional investors constitute the remaining 10% shareholders of Grameenphone. · The main contribution of..