• Thursday, October 23, 2014

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Grameenphone

GP to invest more for better 3G access

GP to invest more for better 3G access

Grameenphone is investing up to Tk 1,300 crore each year in building its network, and the figure will go up further in the days to come, its chief executive Vivek Sood said yesterday. Investment is a must for the expansion of 3G services, he said, as the company responds to increasing demand for internet...

GP's half-yearly net profit doubles

GP's half-yearly net profit doubles

Grameenphone's net profit more than doubled to Tk 1,060 crore between January and June from the same period a year ago, thanks to healthy revenue growth from 3G data services. The company's revenue from 3G, high-speed internet services launched in October last year, was Tk 50 crore in the second quarter of 2014. The astronomical...

Weekly Review

Stocks post a rise despite nervy trade

Stocks gained last week, the first of the new fiscal year, as investors sold shares to pocket profits. DSEX, the prime index of Dhaka Stock Exchange, went up 26.78 points or 0.61 percent, to close at 4,436.21. The week featured four trading sessions instead of five as trading was suspended for bank holiday on Tuesday. Finance Bill 2014 and National Budget 2014-15 were duly passed last week, leaving a bundle of opportunities for capital market, and especially for investors, said IDLC...

Stocks close with marginal gain

Stocks ended flat yesterday, as investors waited on the sidelines to observe the market. DSEX, the benchmark general index of the Dhaka Stock Exchange, gained 9.28 points or 0.21 percent to close at 4,411.17. The shariah index of the Dhaka bourse, DSES, closed at 1,016.67 points, after gaining 3.77 points or 0.37 percent. The bourse managed to remain positive with the support of large-cap stocks that gained 0.94 percent, IDLC Investments said in daily market analysis. A total of 0.89 lakh trades were...

GP net profit rises, after dismal 2013

GP net profit rises, after dismal 2013

Grameenphone's net profit rose 13.67 percent to Tk 516 crore year-on-year during January-March, as the return of political normalcy restored vibrancy in economic activities. “GP managed performance revival during the quarter, after the depressed fourth quarter of 2013, aided by resumption of economic activities and maintenance of solid traction in the market,” said Vivek Sood, chief executive of GP. The first-quarter turnaround came after the operator's net profit fell 16 percent in 2013 due to higher corporate taxes along with 3G spectrum and 2G renewal fees, while political unrest came as a fresh blow. Net profit fell to Tk 1,470 crore in 2013 from Tk 1,750 crore in the previous year. GP's revenues...

A real cause for concern

A real cause for concern

Going frenzy to catch fish in the ponds is not an unusual picture in rural Bangladesh. But scrabbling about in the pond for SIM cards! Well, that sounds not only unrealistic but hilarious as well. However bizarre it may sound, the people of a Joypurhat village actually did that and found a few thousand...

Internet growth hinges on local content, cheap phones

Bangla-language contents appropriate for the masses and lower prices of internet and smartphones are key to taking the internet to the majority of people, analysts said yesterday. "We will have to tell people why internet is important and a great equaliser where they can do whatever they want to do," said Munir Hasan, president of Wikimedia Bangladesh. He called for developing contents in Bangla to drive the growth of internet. Vivek Sood, chief executive of Grameenphone, said mobile subscribers' education and awareness...

Internet for empowerment

Internet for empowerment

Grameenphone aims to get 50 to 60 percent of the country's population online in the next three to four years, said the carrier's chief executive Vivek Sood at a roundtable yesterday. Currently 22 percent people use the internet, according to the data of Bangladesh Telecommunication Regulatory Commission. Sood urged all stakeholders including the government, regulator,...

GP gets Green Mobile Award

GP gets Green Mobile Award

Grameenphone Ltd, the country’s largest mobile phone operator, has been awarded the Green Mobile Award for its Climate Change programmes. “This programme has set clear targets for the adoption of renewable power sources, including water conservation, and displays commitment to long term pursuit of the project aims,” the GSMA award judges said while presenting...

Five new Ayub Bachchu songs launched by GP

Five new Ayub Bachchu songs launched by GP

Mobile operators Grameenphone have launched five new tracks from Ayub Bachchu's unreleased album, exclusively for their subscribers. In a press conference on the occasion yesterday, Ayub Bachchu said he has poured his heart into these songs, and has enjoyed thoroughly working for this album. Grameenphone subscribers can set the songs as 'Welcome Tunes' or...

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