GP seeks no change in govt policies | The Daily Star
12:00 AM, February 28, 2008 / LAST MODIFIED: 12:00 AM, February 28, 2008

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GP seeks no change in govt policies

Grameenphone, the country's leading cellphone operator, yesterday expressed interest to offload its shares on the stock market but sought assurance of the government that it would not change its investment policies.
A 6-member delegation of the mobile phone giant, led by Telenor Norway senior vice-president Erik Hylland, raised the concern of government's policy change as they met Finance Adviser Dr Mirza Azizul Islam at Planning Ministry.
“They also raised concern whether the capital market of Bangladesh would be able to absorb the GP shares of Tk 300 crore-Tk 400 crore,” the adviser told reporters after the meeting.
However, GP's concerns raised at the meeting remained unclear as the delegation members refused to talk to the press.
Dr Aziz assured the GP delegation that no government in Bangladesh takes such policy decisions that go against the interest of the private sector.
He invited them to decide first their entry into the market and said the confusion over the market capacity to absorb the GP shares could be removed through discussions with all stakeholders.
“They're eager enter the market,” he said, replying to a question whether the company would offload shares by June as announced earlier.

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