Yunus wants control of GrameenPhone
Muhammad Yunus wants the Norwegian telecom company Telenor to sell its majority holding in GrameenPhone to Grameen Telecom, the company which he heads and which already owns a 38 percent stake.
Mohammad Yunus wants to know what has gone on in Grameenphone. He also wants Telenor to reduce its stake in the company. PHOTO: SVEIN ERIK FURULUND |
Yunus won the Nobel Peace Prize in 2006 for his micro-credit schemes which give loans without security to the poor in Bangladesh. He is in Oslo to speak at the Peace Corps North-South Conference.
“Relations with Telenor are at an all-time low,” says professor Yunus to daily newspaper Aftenposten.
He thinks Telenor should pay the NOK 300 million fine (USD 55 million) which GrameenPhone has received for illegal routing of international calls in Bangladesh.
He emphasizes that he has nothing against Telenor as a company.
“It’s the new management which is the problem. I had a very close and good relationship with Telenor’s previous head, Tormod Hermansen,” says Yunus.
Jon Fredrik Baksaas took over from Hermansen in 2002.
Telenor and Grameen Bank/Grameen Telecom have cooperated in providing mobile phone services in Bangladesh since 1996 through GrameenPhone.
GrameenPhone have become known for providing a living for poor women living in rural villages, who make money by selling telephone services.
After Yunus won the Peace Prize a deep divide between the partners appeared. Yunus believes that it was the original intention that Telenor would sell its shareholding to Grameen Telecom. This is what he now wants.
Yunus is concerned that both the Grameen Bank and Grameen Telecom will be blamed for what GrameenPhone does wrong, after the recent fine.
“This case has hit us hard. Paying the fine is like admitting guilt, but we haven’t been told what went on or who was behind it. This hurts both the Grameen name and me,” says Yunus.
A new scandal connected with GrameenPhone was presented to Norwegian viewers on Thursday, when Norwegian Broadcasting showed footage from a sub-contractor which produced radio towers and metal telephone poles. Safety conditions looked poor and many of the employees seemed visibly underage.
“Gazi Engineering is not a sub-contractor to GrameenPhone, but a sub-contractor to a company which supplies GrameenPhone. This is a clear illustration of the dilemmas we meet when doing business in developing countries,” says Telenor director, Hilde Tonne.
“Dangerous working conditions, including child labour, is a major problem in Bangladesh. Neither GrameenPhone nor Telenor came be held responsible for all of Bangladesh’s social problems, but we have done our part in improving our supplier’s conditions and working towards long-term improvements in all the communities where we do business,” says Tonne.
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API/Source.aftenposteneng
ODM secretary-general Prof Anyang’ Nyong’o addresses a press conference at the party’s headquarters on Friday. He is flanked by executive director Janet Ong’era. Photo/PHOEBE OKALL 

