telecommunications — english language news service
24.07.2008« [telecommunications — телекоммуникация — telekommunikation]
bangladesh — grameenphone to raise usd300m in share sales
Bangladesh’s mobile phone network market leader GrameenPhone has finalised plans to raise USD300 million through selling shares to the general public and institutional investors. Around USD150 million worth of shares in the cellco are to be offered in a private placement ahead of an IPO in which the other half of the total will be floated on the stock market, according to the company’s announcement. GrameenPhone, majority-owned by Norway’s Telenor, said it expects to submit filings by the end of this month to list on the Dhaka and Chittagong stock exchanges. The listing depends on regulatory approvals and market conditions.
Source: TeleGeography's CommsUpdate
grameenphone
GrameenPhone is a GSM operator in Bangladesh. GrameenPhone started operations on March 26, 1997. It is partly owned by Telenor (62%) and Grameen Telecom (38%).
telenor
Telenor ASA is a Norway-based telecommunications company. It is principally engaged in providing international mobile communication services. The Company also offers mobile and fixed-line services, as well as television distribution. Telenors operations are structured into four units: Mobile Operations, providing voice, data, Internet, content services, customer equipment and electronic commerce services; Fixed, delivering services including analog public switched telephone network (PSTN), digital integrated services digital network (ISDN), broadband telephony, Internet and leased lines, as well as communication solutions; Broadcast, which comprises the Groups television-based activities within the Nordic region, and Other units. Telenor is operational in such countries as Norway, Sweden, Denmark, Hungary, Ukraine, Montenegro, Poland, Austria, Bulgaria, Serbia, Russia, Malaysia, Thailand, Bangladesh and Pakistan. The Company is headquartered in Fornebu, Norway.
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