Muhammad Yunus may bring reforms to Bangladesh telecoms, mobile operator says

With Muhammad Yunus in charge, Bangladesh may see much-needed reforms and investment in its telecoms sector given the caretaker government leader’s knowledge of the industry, according to one of the country’s leading mobile operators.

Yunus, who took over last Thursday, founded the Grameen Bank that won the 2006 Nobel Peace Prize for pioneering the microcredit movement. He is also a stakeholder in Grameenphone, Bangladesh’s leading telecom operator, jointly owned by Yunus’ non-profit Grameen Telecom and Norway’s Telenor, which holds 55% of Grameenphone’s shares.