Annual Report 2008 of GrameenPhone Limited

It is a broadly described annual report of GrameenPhone Limited in the year of 2008. As the country’s highest corporate tax-payer, in 2008 Grameenphone contributed BDT 31.72 billion (BDT 3,172 crore) to the National Exchequer indirect taxes, VAT and duties, and through the BTRC. In addition, Grameenphone paid BDT 3.35 billion (BDT 335 crore) through commercial agreements with Bangladesh Railway (BR) and Bangladesh Telecommunications Company Limited (BTCL). The total revenue of 2008 increased by 13 percent compared to 2007 to BDT 61 billion mainly due to a good contribution from customers, revenues from an international gateway (IGW) and interconnect revenues from Bangladesh Telecommunications Company Limited (BTCL).The company’s EBITDA margin in 2008 reached 49.7% compared to 50.0% in 2007. Grameenphone has invested over BDT 27 billion (BDT 2,700 Crore) in 2008, which includes BDT 592 Crore investments on acquiring additional 7.4 MHz GSM frequency on 1800 band.

In 2008 the company increased its authorized share capital to BDT 40,000 million from BDT 5,399 million with a 43:1 share split to reduce the par value of ordinary shares to BDT 1 from BDT 43. The company also issued bonus shares @ 400% of the paid-up capital amounting to BDT 9,721 million i.e. 4 bonus shares of BDT 1.00 each of every share of BDT 1.00 each held by each shareholder. The Directors are pleased to recommend a dividend @ 13 % of the paid-up share capital amounting to BDT 1,579.73 million (@BDT 0.13 per share of BDT 1.00 each) for the year 2008 for consideration and approval of the shareholders for distribution.

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