GrameenPhone files IPO with SEC

30 Jul 2008

GrameenPhone filed an application with the Securities and Exchange Commission in Bangladesh yesterday for an Initial Public Offering (IPO) of its shares on the Dhaka and Chittagong stock exchanges to a value of up to USD150 million. The country’s leading cellco’s board approved the proposal for an IPO on 21 July subject to necessary approvals and market conditions. The Telenor subsidiary also plans to conduct a pre-public offer of shares to raise an additional amount of around USD150 million prior to the IPO. GrameenPhone is owned by Telenor (62%) and Grameen Telecom (38%, itself wholly owned by Grameen Bank of Bangladesh).

Bangladesh, GrameenPhone,


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate



Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.