• Thursday, December 18, 2014

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Freedom in the air

Grameenphone

Star, Grameenphone launch online Liberation War archive

Star, Grameenphone launch online Liberation War archive

“Freedom in the Air”, an online repository of the Liberation War with rare video footage including documentaries, exclusive video interviews; rarely seen images, articles, stories and documents, and newspaper clippings can be accessed from today at The Daily Star website, www.thedailystar.net/freedom-in-the-air. The website was launched yesterday jointly by the newspaper and Grameenphone in the capital's...

Rajeev Sethi new Grameenphone CEO

Rajeev Sethi new Grameenphone CEO

Rajeev Sethi became the second Indian national to become the Chief Executive Officer (CEO) of Grameenphone, the country’s most popular mobile network service. Sethi, who has worked as the chief marketing officer (CMO) for Telenor’s Indian subsidiary Uninor, will be replacing Vivek Sood, who became the CEO of Grameenphone in 2013. Telenor’s Bangladesh subsidiary Grameenphone...

GP aims for rural internet

GP aims for rural internet

Grameenphone is in talks with local device makers to find ways to bring down prices of feature phones to expand internet outreach in rural areas, Chief Executive Vivek Sood said. The operator has doubled the speed of its each 3G package as it reached the milestone of five crore active subscribers and now plans to offer new data plans, Sood said in an interview on Thursday. GP that serves 26 percent of the country's 4.22 crore internet users is also developing the retail channels for the sake of the internet packages, he said. About 57 lakh of the 1.09 crore GP internet customers use 3G or high-speed internet. The company is working to...

GP profit falls in third quarter

Grameenphone's net profit slipped 6.86 percent year-on-year to Tk 534.53 crore in the July-September period, according to the Dhaka Stock Exchange. The mobile operator saw Tk 573.94 crore in net profit in the same period last year, buoyed by the sales proceeds of Tk 100 crore that it received through the sale of 51 percent stake of Grameenphone IT, a subsidiary, to the global software company, Accenture. The operator's revenue grew 6.10 percent to Tk 7,674 crore in the first nine...

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...

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