Telenor to keep up investment for boosting economy

Gunn Wærsted, chair of Telenor, ASA, and Sigve Brekke, president and CEO of Telenor Group, led the delegation team. The two sides discussed the situation the telecom industry is going through, the opportunities for digital empowerment, Telenor’s long-term commitment to Bangladesh through Grameenphone and the continuing digital transformation of the telecommunication industry. Grameenphone CEO Petter B Furberg and GP Chief Corporate Affairs Officer Mahmud Hossain were also present during the meeting. Telenor Group was a co-founder of Grameenphone and has been a majority shareholder since 1996. With the support of Telenor Group, Grameenphone has had a successful development, and is currently one of the most significant financial contributors in Bangladesh as well as the largest listed company on the Bangladeshi Stock Exchanges. Telenor Group, which is majority owned by the Norwegian Government, is among the largest international investors in the country, with more than USD 1.18 billion of investments over the last five years. In addition to mobile operation, Telenor has established its footing in Bangladesh and is a minority shareholder in the online marketplace, Ekhanei.