Nordic Business Report-November 14, 2005-Telenor ASA subsidiary in Bangladesh crosses 5m subscribers milestone
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Norwegian telecomms group Telenor ASA said on Monday (14 November) that its 62%-owned subsidiary GrameenPhone Ltd in Bangladesh had crossed the 5 million subscriber mark milestone. The company more than doubled its subscriber base during the first 10 months of the current year, according to Telenor. GrameenPhone started the year with nearly 2.4 million subscribers, reached 3 million in March and 4 million users in September. GrameenPhone holds 62% of the mobile phone market in Bangladesh. More than 80% of population is now under the coverage of the GrameenPhone network.
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