GP share price drops over suspension of SIM sale | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Saturday
July 19, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SATURDAY, JULY 19, 2025
GP share price drops over suspension of SIM sale

Stocks

TBS Report
30 June, 2022, 09:00 pm
Last modified: 30 June, 2022, 09:03 pm

Related News

  • GP profit drops 31% in H1
  • From Margins to Mainstream
  • GP announces highest-ever dividend for 2024
  • Restrictions clipped our wings, says GP Chief Corporate Affairs Officer Tanveer Mohammad
  • GP, Robi start paying instalments for new spectrum

GP share price drops over suspension of SIM sale

The company’s share price dropped 2% to reach Tk294.10 yesterday

TBS Report
30 June, 2022, 09:00 pm
Last modified: 30 June, 2022, 09:03 pm
File photo of Grameenphone HQ. Picture: Collected
File photo of Grameenphone HQ. Picture: Collected

One day after the telecom regulator suspended the sale of Grameenphone SIMs, the mobile network operator's share price plunged, making it the top loser at the premier bourse Thursday  .

In a statement published at the Dhaka Stock Exchange (DSE) website, the largest mobile service provider in the country said it has received a letter from the Bangladesh Telecommunication Regulatory Commission (BTRC) on 29 June with an embargo on selling new SIM in connection to quality of services. 

BTRC has imposed an indefinite suspension on Grameenphone as it is not providing quality service to its users despite repeatedly being asked to do so, Posts and Telecommunications Minister Mustafa Jabbar said earlier.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

At the end of last year, BTRC found in a Quality of Service drive test in the divisional areas that all the mobile operators, except Banglalink, were providing lower speed of the 4G compared to the local benchmark of 7Mbps.

Since trading began at the DSE yesterday, many investors placed orders for selling the Grameenphone shares, fearing that the suspension on SIM sales will hurt the company's earnings.

As customers did not show much interest in the Grameenphone shares, only 1.73 lakh of its shares were traded by the end of the day.

The company's share price dropped 2% to reach Tk294.10 yesterday.

People involved in this sector said the company's share price could drop further, but it did not happen due to the rule that dictates that a share's price can be reduced maximum 2% – instead of 10% – in a trading session. Consequently, the drop in Grameenphone share price did not affect the stock exchange indices.

Earlier, in 2020, BTRC imposed a number of conditions on Grameenphone, declaring the operator as a significant market power (SMP).

As part of the instructions, the regulatory authority reduced the mobile number portability (MNP) lock-in period for Grameenphone. Also, taking approval for all existing and new services, packages, and offers has been made mandatory for the largest operator.

Meanwhile, Grameenphone has reported that its net profit in the first-quarter of 2022 was badly affected by an increase in the modernisation cost and currency devaluation.

During the January-March quarter of this year, its net profit fell by 9% to Tk809.81 crore, while its revenue increased by 4% to reach Tk3,633 crore.

Grameenphone said in a recent press release that in the first three months, the company acquired 0.5 million new subscribers, reaching 83.7 million total subscribers. Around 53.2% or 44.6 million of Grameenphone's total subscribers are using internet services, growing by 6.8% from the same period last year.

Top News

GP / GP sim / Grameen Phone

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Screengrab from video
    Jamaat Ameer Shafiqur collapses on stage mid-speech at Suhrawardy rally
  • Jamaat set for its first-ever Suhrawardy Udyan rally at Suhrawardy Udyan on 19 July 2025. Photo: Jamaat-e-Islami/Facebook
    Elections under PR system most appropriate now, Jamaat’s Taher tells Suhrawardy rally
  • He also announced that the 'July Charter' would be unveiled on 3 August at the Central Shaheed Minar in Dhaka. Photo: Courtesy
    Reform will not be stalled based on who understands PR or not: Nahid

MOST VIEWED

  • Chief Adviser Muhammad Yunus and SpaceX Vice President Lauren Dreyer after a meeting at state guest house Jamuna on 18 July 2025. Photo: Focus Bangla
    SpaceX VP Lauren Dreyer praises Bangladesh's efficiency in facilitating Starlink launch
  • Representational Photo: Collected
    Railway allocates special trains for Jamaat's national rally in Dhaka
  • Governments often rely on foreign loans. Russia’s loans covered 90% of the Rooppur Nuclear Power plant project's cost. Photo: Collected
    Loan tenure for Rooppur plant extended 
  • Representational image. Photo: Unsplash
    Mobile operators give 1GB free data to users observing 'Free Internet Day' today
  • Dollar rate falling fast – what it means for the economy
    Dollar rate falling fast – what it means for the economy
  • Chattogram-based Western Marine Shipyard Ltd has exported two tugboats—Ghaya and Khalid—to UAE-based Marwan Shipping Ltd, earning $1.6 million. The vessels were officially handed over at the Chittagong Boat Club on 17 July. Photo: Courtesy
    Refined sugar imports double in FY25 as duty cuts bite local refiners

Related News

  • GP profit drops 31% in H1
  • From Margins to Mainstream
  • GP announces highest-ever dividend for 2024
  • Restrictions clipped our wings, says GP Chief Corporate Affairs Officer Tanveer Mohammad
  • GP, Robi start paying instalments for new spectrum

Features

Jatrabari in the capital looks like a warzone as police, alongside Chhatra League men, swoop on quota reform protesters. Photo: Mehedi Hasan

19 July 2024: At least 148 killed as government attempts to quash protests violently

17h | Panorama
Illustration: TBS

Curfews, block raids, and internet blackouts: Hasina’s last ditch efforts to cling to power

23h | Panorama
The Mymensingh district administration confirmed that Zamindar Shashikant Acharya Chowdhury built the house near Shashi Lodge for his staff. Photo: Collected

The Mymensingh house might not belong to Satyajit Ray's family, but there’s little to celebrate

23h | Panorama
Illustration: TBS

20 years of war, 7.5m tonnes of bombs, 1.3m dead: How the US razed Vietnam to the ground

1d | The Big Picture

More Videos from TBS

Shock for Prosun Azad as father goes missing

Shock for Prosun Azad as father goes missing

8m | TBS Stories
Jamaat's ‘national rally’ today, leaders-activists throng Suhrawardy Udyan

Jamaat's ‘national rally’ today, leaders-activists throng Suhrawardy Udyan

1h | TBS Today
Gopalganj unrest: Police file 3 cases against 2,300, so far 164 arrested

Gopalganj unrest: Police file 3 cases against 2,300, so far 164 arrested

1h | TBS Today
Dollar rate falling fast – what it means for the economy

Dollar rate falling fast – what it means for the economy

1h | TBS Insight
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net