The listing of the shares of Grameenphone with the country’s bourses will be finalised soon, said the leading telecom operator’s chief executive officer, Oddvar Hesjedal, on Tuesday.
‘We are at the final stage and on Thursday we have a meeting with the Securities and Exchange Commission on the proposal of GP’s initial public offers,’ he said at a meeting with the CSE president, Nasiruddin Ahmed Chowdhury, at the port city bourse, said a news release.
He said, ‘Hopefully, listing of GP’s shares with the bourses will be finalised soon.’
GP CEO said, ‘Grameenphone is waiting for a feedback from the SEC on its proposed $65 million initial public offering. If cleared by the SEC, the Grameenphone IPO would be the largest in the country’s stock markets’ history, — enough to inject new momentum in the trading floors of the Dhaka Stock Exchange and Chittagong Stock Exchange.’
He said the growth at the mobile phone operator remained stable, showing a revenue growth of six per cent in first quarter of 2009 against the same period in 2008.
‘Grameenphone’s revenue rose to Tk 15.80 billion, up from Tk 14.90 billion of the same period of 2008. Last year, the company earned annual revenue worth Tk 61.40 billion,’ he informed.
