History of grameenphone

Category: Science,
Topics: Mobile phone,
Published: 03.02.2020 | Words: 880 | Views: 270
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Company, Mobile Phone

Grameenphone is a largest cellphone servicing firm in Bangladesh which has a existence in 13 markets across Europe and Asia. This can be a Bangladeshi GSM-based mobile phone user company. That started their activities seeing that 26 Drive, 1997. At present it is the biggest mobile phone user in Bangladesh with more than 50 million consumers. Grameenphone uses up more than fifty percent of mobile phone market in Bangladesh. Grameenphone got it is license as a mobile agent from Bangladesh Post and Telecommunications Division on twenty-eight November, mil novecentos e noventa e seis.

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Following getting certificate, Grameenphone started out its activity on 26 March, 97, the Self-reliance Day of Bangladesh. The notable the operator is the most popular one in Bangladesh. They provide high quality services even in the remote areas of the country. At present the client amount of Grameenphone is about 70 million. Though the last year it had 3G assistance, 4G service was launched in February 2018. At present 4G service is provided in 64 areas of the nation. (Wikipedia, 2018)

Recent Process of Grameenphone:

Grameenphones data reader or internet user base was standing at three or more. 25 , 000, 000, which is 49. 9 percent of the total subscriber. Grameenphones mobile amount is more than 2 mil. Grameenphone said in a report. The assertion said that Grameenphones revenue generating in the first half of this coming year is six, 380 crore, which is 1 ) 2 percent more than the same period recently. The revenue earned via data was 21. 1% of the income. And the revenue generated through the voice is usually 2 . 5 percent of the growth. Grameenphones Chief Executive Eileen Foly said, due to strong competition, the first 50 % of 2018 was very difficult. Even now, we were in a position to maintain healthy and balanced growth and margin.

We have crossed the milestone of 20 million 4-G customers and our network expansion and modernization operate is going ahead with the ideal experience of customers.

In the statement, the Grameenphone 4-G licensing, spectrum, technology neutrality fees and network coverage and capacity building increased in the first half of the year, tk. 2, 540 crore.

At this time, the business paid Tk 4. 790 crore for the state treasury in the form of taxation, VAT, contract price, spectrum share, technology neutrality and permit fees. Grameenphone CFO Carl Eric Bronteen said that Grameenphones EBITDA and rubbing include increased inside the first half of the year.

First half of the year actions of Grameenphone in 2018

  • At the end of June 2018, the total number of clients is 671. 2 mil, out which 33. five million internet users
  • Revenue Earnings 6380 crores, growth of 1 ) 2%
  • Taxes net of 26% in the net profit with 26% margin, EPS 12. 74 rupees
  • Investments in the future licenses, spectrum, technology impartial service fees and network coverage and ability building up to 2540 crores
  • Contribution for the state treasury is 4790 crores.

Identity and Analysis of Business Internal Environment:

Ownership:

Grameenphones shareholders have performed a great position in the accomplishment of the telecommunications sector and development sector. Telenor, the 55. 8% shareholder of Grameenphone, is definitely the largest answering service provider in Norway, which can be providing mobile phone services to 12 countries around the world, and 34. 2% shareholder Grameen Telecom. Besides, other common and institutional investors would be the remaining 10% shareholders of Grameenphone.

The primary contribution of Telenors scientific excellence and management is usually to build this huge telecommunication firm in Bangladesh. Telenor, one of the businesses involved in the advancement GSM technology in European countries, has enthusiastic this pleasure among the workers during the past one decade.

Strong network:

Their particular network can be stronger than others. They are one of the best network providers around the globe. They constantly try to enhance their network intended for assure the best technology. Just lately they present 4G technology. It will present higher speeds, buffer free streaming and better entry to the digital word. (Grameenphone, 2018)

Brand value:

For its strong network and better service, it truly is known to be a popular company all over the world. Their slogan is “Go Beyond” which means that they assurance to provide the very best technology for his or her customers. Lately the number of users exceeds more than 6. your five crores.

Working environment:

It is a great place pertaining to employee to work together. Grameenphone treat their particular employee because an asset of their company. The mutual understanding between the workers of the business is pretty much. There is no special arrangement for supervisor. Administrators and heads sit together at all their desk and complete their activities in a friendly way.

Innovations:

Grameenphone has been continually advancing from all other telecommunication corporations in advancement. Every year they are trying to discover new technology for customer. Time to time they developed new features for his or her customers.

Payment and also other benefit for employees:

They give bonus deals for different occasions also provide every year increment, promotion, transportation gain, canteen establishments, mobile phone bills, day care hub, sick keep and maternal leave electronic. t. c. In some cases they offer more benefits to fulltime employees than part time workers.