Grameenphone holds 28th Annual General Meeting 170% cash dividend approved

Bojrokontho :::

[Dhaka, 23 April, 2025] The 28th Annual General Meeting (AGM) of Grameenphone Ltd. has concluded successfully on Wednesday 23 April 2025. In alignment with the guidelines laid out by the Bangladesh Securities and Exchange Commission (BSEC), Grameenphone held its AGM virtually over a digital platform, ensuring seamless and meaningful engagement of our shareholders, which is vital to the company’s collective growth and prosperity.

Håkon Bruaset Kjøl, Chair of Grameenphone Board, Yasir Azman, Chief Executive Officer (CEO), Grameenphone, Otto Magne Risbakk, Chief Financial Officer (CFO), Grameenphone, S.M. Imdadul Haque, Company Secretary, Grameenphone, and other Board members and senior officials of the company attended the AGM.

Håkon Bruaset Kjøl, Chair of the Grameenphone Board, said, “Grameenphone navigated 2024 by focusing on customer-centric innovation to meet the evolving needs of our subscribers. In a challenging year, we continued to play a pivotal role in advancing the digitalisation journey of Bangladesh while making significant strides toward our ambition of becoming a future-ready telco-tech company.”

He also added, “Enabling digital progress on a national scale remained at the top of Grameenphone’s agenda in 2024. We are active contributors to upskilling communities in Bangladesh, providing essential digital skills and online safety training which foster inclusivity and safety in the digital world. We want to ensure that connectivity becomes a force for transformative change and remain dedicated to building a thriving and inclusive digital future for all in Bangladesh.”

Yasir Azman, CEO of Grameenphone, said, “2024 has been a transformative year for Grameenphone, driven by innovation and resilience amid macroeconomic challenges. We embraced technological advancements, inclusivity, and customer satisfaction, progressing toward becoming a telco-tech leader. We built a future-ready network, strengthened our core offerings and launched customer-centric solutions. By leveraging AI, analytics, and innovation, we enhanced efficiency and focused on delivering greater value to our customers with a refreshed portfolio. We welcomed 2.3 million new subscribers, reaching 84.3 million customers. Our internet user base reached 48 million, representing 57% of our total subscribers, with 42 million actively using 4G—an 11.7% year-over-year increase. Our simple, innovative data packs, expansive content access and digital services contributed 28% to mobile communication revenue. We invested BDT 39 billion in network modernisation, enhancing voice and data services, rolled out 2600 MHz to 30% of macro sites and expanded 4G coverage to 97.9% by deploying over 1,758 new 4G sites. With BDT 123 billion contributed to the National Exchequer, our impact extended beyond business. Innovations like App City, AI-powered networks, IoT and FlexiPlan reflected our operational excellence, while a unified license boosted our customer market share by 1.7%. We empowered youth through GP Academy and Futurenation Skills Hubs. Aligned with our ESG values, 72% of our partnerships with our partners focus on carbon reduction, while initiatives like discounted smartphones empower women and bridge the digital divide—driving a more inclusive, sustainable future for Bangladesh.”

During the meeting, the Board of Directors approved a final cash dividend for 2024 at the rate of 170% of the paid-up capital, amounting to BDT 17 per share of BDT 10 each, representing 122.73% of the Profit After Tax for the year.

To read the full annual report, visit: https://www.grameenphone.com/about/investor-relations/ir-annual-report/Annual-report-2024