Annual Report 2007 of GrameenPhone Limited

It is a broadly described annual report of GrameenPhone Limited in the year of 2007. Grameenphone is the largest corporate taxpayer in the country. It contributed BDT 101.35 billion in direct and indirect taxes to the National Exchequer since its inception, including more than BDT 34 billion last year. During 2007 alone, the company contributed BDT 34.17 billion to the Government Treasury which is 67 percent higher than last year. Grameenphone has built the largest cellular network in the country, covering 98 percent of the population. A total of 4181 new Base Stations were installed during the year, bringing the total number of Base Stations to over 10,000 located in around 6,000 sites country-wide. By the end of 2007, Grameenphone reached a subscriber-base of 16.5 million, adding 5.7 million subscribers during the year – around 53 percent higher than last year.

The Directors are pleased to recommend a final dividend @ 62% of the paid-up share capital amounting to BDT 1,506.82 million (@BDT 26.66 per share of BDT 43.00 each) for the year 2007 for consideration and approval of the shareholders for distribution.

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