Akilar But this increase is not too much. Share capital 13, — 10, Reeport premium 7, 7, Capital reserve 14, 14, Deposit from shareholders 1, 1, General reserve Retained earnings 9, 21, Ratio-Trends Analysis From to ratios Current ratio or working capital. If it will decrease than total debt to equity ratio will also decrease which is good for the company. But also it has to ensure sustainable growth in it. Debt equity ratio is fluctuating over its annual performance. After leaving his job as an investment banker in the United States, Quadir traveled back to Bangladesh, after meeting and successfully raising money from New York based investor and philanthropist Joshua Mailman, and worked for three years gaining support from various organizations including Nobel Peace Prize laureate Muhammad Yunus of Grameen Bank and the Norwegian telephone company, Telenor.
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SingTel Consultancy Pte Ltd. Singapore Telecom Paging Pte Ltd. Though this company is a small player in the overall telecommunication industry of Bangladesh with a market share of only 1. Teletalk Bangladesh limited was established keeping a specific role in mind.
Incorporation of Teletalk: Teletalk Bangladesh Limited was incorporated on 26 December, as a public limited company under the Companies Act, with an authorized capital of Tk. With more than 28 million subscribers as of October , Grameenphone is the largest cellular operator in the country.
It is a joint venture enterprise between Telenor and Grameen Telecom Corporation, a non-profit sister concern of the internationally acclaimed microfinance organization and community development bank Grameen Bank.
Telenor, the largest telecommunications company in Norway, owns When Banglalink began operations in Bangladesh in February , its impact was felt immediately Overnight mobile telephony became an affordable option for customers across a wide range of Market segments. Banglalink changed the mobile phone status from luxury to a necessity and brought mobile telephone to the general people of Bangladesh and made a place in their hearts.
The mobile phone has become the symbol for the positive change in Bangladesh. Banglalink attained 1 million subscribers by December and 3 million subscribers in October In less than two years which is by December , Banglalink overtook Aktel to become the second largest operator in Bangladesh with more than 7. Banglalink currently has Growth over the last years have been fuelled with innovative products and services targeting different market segments, aggressive improvement of network quality and dedicated customer care, creating an extensive distribution network across the country, and establishing a strong brand that emotionally connected customers with Banglalink.
The company was incorporated on October 10, as a private limited company. Grameenphone converted to a public limited company on June 25, The rest Some related information regarding company.
Figure Network coverage of GP. The license is, however, subject to renewal upon fulfillment of certain terms and conditions. Management foresees no uncertainty regarding renewal of this license.
Grameenphone serves both rural and urban customers across Bangladesh, where mobile telephony is a major driver of socioeconomic development. Bangladesh has one of the lowest teledensity rates and highest subscriber growth rates in the world.
Grameenphone built its network on a nationwide basis. Grameenphone has been a market leader in introducing new products and services in Bangladesh. The company was one of the first mobile phone operators to launch GSM service in the country. Since its inception in March , Grameenphone has built the largest cellular network in the country with over 14, base stations in more than 6, locations.
Grameenphone was also the first operator to introduce the pre-paid service in September Grameenphone nearly doubled its subscriber base during the initial years while the growth was much faster during the later years. It ended the inaugural year with 18, customers; 30, by the end of ; 60, in ; , in ; , in ; , in ; 1. From the very beginning, Grameenphone placed emphasis on providing good after-sales services.
In recent years, the focus has been to provide after-sales within a short distance from where the customers live. GP has generated direct and indirect employment for a large number of people over the years.
Another , people are directly dependent on Grameenphone for their livelihood, working for the Grameenphone dealers, retailers, scratch card outlets, suppliers, vendors, contractors and others. In addition, the Village Phone Program, also started in , provides a good income-earning opportunity to more than , mostly women Village Phone operators living in rural areas. The Village Phone Program is a unique initiative to provide universal access to telecommunications service in remote, rural areas.
Administered by Grameen Telecom Corporation, it enables rural people who normally cannot afford to own a telephone to avail the service while providing the VP operators an opportunity to earn a living. Grameenphone considers its employees to be one of its most important assets. We want to make it easy for customers to get what they want, when they want it. The key to achieving this is that we work together and draw on our renewed Values and build them into guiding light behaviors in our workplace, wherever that may be… Make it easy.
Keep promises. Be inspiring. Be respectful. Everything we produce should be easy to understand and use. No waste. No jargon. Be inspiring we are creative. We strive to bring energy into the things we do.
Everything we produce should look good, modern and fresh. We are passionate about our business and customers. Be respectful we acknowledge and respect local cultures. We do not impose one formula worldwide. We want to be a part of local communities wherever we operate. We believe loyalty has to be earned. The company believes that their leading position has helped them develop strong brand recognition and a high profile among existing and potential subscribers.
Grameenphone also believe that being one of the original GSM mobile cellular licenses in Bangladesh allowed it to access to early subscribers for mobile telecommunications, whom they believe tend to be more affluent and have greater resources to spend on telecommunications.
Well recognized brand name and reputation: GP has established as one of the most visible and respected brands in Bangladesh. GP has established more than 82 branded retail stores, known as Grameenphone Centers, which offer a range of mobile telecommunications service, SIM cards, top-up cards, mobile handsets and accessories as well as customer service.
GP also operate a hour call center to provide customer support. In addition, in January , it became the first mobile operator in Bangladesh to offer Blackberry TM services. During the three months ended December 31, , approximately 4. Experienced management team: A highly experienced management team leads the development of Grameenphone business, products and services. GP management team includes senior executives who have working in Bangladesh since the commercialization of GSM mobile telecommunications services in Bangladesh in In addition, members of GP management team and its Board of Directors have operational experience in other emerging and developed telecommunications markets, including as managers within Telenor and its subsidiaries The Telenor group.
This is why Grameenphone, in collaboration with Grameen Bank and Grameen Telecom, is aiming to place one phone in each village to contribute significantly to the economic benefit of the poor. The people The people who are making it happen-the employees are young, dedicated and energetic. All of them are well educated at home or abroad, with both sexes gender and minority groups in Bangladesh being well represented. They know win their in hearts that Grameenphone is more than phones.
This sense of purpose gives them the dedication and the drive, production-in about eight years-the biggest coverage and subscriber-base in the country. Grameenphone knows that the talents and energy of its employees are critical to its operation and treats them accordingly.
GSM brings the most advanced development in cellular technology at a reasonable cost by spurring severe competition among manufactures and driving down the cost of equipment. Thus consumers get the best for the least. Telephony helps people work together, raising their productivity.
This gain in productivity is development, which in turn enables them to afford a telephone service, generating a good business. Thus development and business go together. Strategic objectives of The Company Grameenphone wants to maintain the lead and to overtake the competitors in the country and this is what Grameenphone has been dedicated to seeking.
It wants to provide all its employees with challenging and rewarding work, satisfying working conditions, and opportunities for personal development, advancement, and competitive compensation. In brief: It wants to capture bigger market share. It wants to achieve low operating costs. It wants to offer broader and more attractive products for the customers.
It wants to enhance the satisfaction of its consumers by providing quality and superior service. Financial objectives of The Company Grameenphone Limited wants to earn growth in revenues and earnings. It wants to earn wider profit margin.
It wants to realize higher return on invested capital. GP believes that new subscribers will be attracted by its network coverage and its broad offering of services, as well as its service quality and the strength of the brand. In the near term, market conditions have led GP to increase the prices of its starter packs and, as a result, GP will be focused on higher value customers.
In the longer term, GP expects to increase its penetration of the growing consumer, rural and financially constrained market sectors.
GP experienced growth in the consumer, rural and financially constrained market sectors during the year ended December 31, Focus on high value customer GP strives to provide superior network coverage, connectivity, quality and reliability, as well as to continue its product and service innovation through continued investment in its network and products. GP believes that being an incumbent mobile operator has allowed GP to attract early subscribers, whom it believes tend to be more affluent and have greater resources to spend on telecommunications.
GP intend to continue focusing on this high value customer segment, which GP expects will grow as the Bangladesh population becomes more affluent, with its value added services, in particular Internet access and Blackberry TM.
GP also intends to increase its focus on the high value business segment customers, given the high usage of its voice and non-voice services by these customers.
Achieve capital and operational efficiencies to improve profit margins and cash flow generation GP plans to continue exercise strong discipline over its operating costs and capital expenditures to achieve improved efficiency and productivity in its operation and leverage its existing capacity.
Having achieved that target in , GP is now focusing its ongoing capital expenditures on expansion of its overall capacity to accommodate increases in subscribers and traffic. In , GP moved from a single vendor framework to a dual vendor framework as it entered into a long-term purchase and maintenance agreement for the purchase and maintenance for network and radio access equipment with Huawei Technologies Co.
GP has built its own fiber optic network to provide greater redundancy in its network services. GP also plans to reduce its operation and maintenance expenses by, among other things, using solar power, controlling service agreement pricing and lobbying to reduce the SIM tax.
Increase brand awareness and reinforce our brand values GP intends to support its brands by undertaking brand refreshment exercises from time to time.
Assignment Point - Solution for Best Assignment Paper
SingTel Consultancy Pte Ltd. Singapore Telecom Paging Pte Ltd. Though this company is a small player in the overall telecommunication industry of Bangladesh with a market share of only 1. Teletalk Bangladesh limited was established keeping a specific role in mind. Incorporation of Teletalk: Teletalk Bangladesh Limited was incorporated on 26 December, as a public limited company under the Companies Act, with an authorized capital of Tk.
GRAMEENPHONE ANNUAL REPORT 2010 PDF
Owners of the company 14, 17, 2, Besides Nishchinto, Amontron, Shohoj, Bondhu, Aapon, Smile, Wnnual, Business Solution, Grameenphone also offers a youth based mobile to mobile connectivity within Bangladesh named djuice Grameenphone also offers postpaid mobile service. Annual Report of GrameenPhone Limited — Assignment Point After leaving his job as an investment banker in the United States, Quadir grameenphond back to Bangladesh, after meeting and successfully raising money from New York based investor and philanthropist Joshua Mailman, and worked for three years gaining support from various organizations including Nobel Peace Prize laureate Muhammad Yunus of Grameen Bank and the Norwegian telephone company, Telenor. In November 28, GrameenPhone was offered a cellular license in Bangladesh by the Ministry of Posts and Telecommunications with a view to covering the whole country with a good quality network. Ratio-Trends Analysis From to ratios Current ratio or working capital. But also it has to ensure sustainable growth in it. And with a great surprise after almost 10 years of its operation, GrameenPhone has over 10 million subscribers.