Grameen Telecom

Grameen Telecom (GTC) was established in Bangladesh by Muhammad Yunus with a partial stake in Grameenphone (GP) and registered as a Not-for-Profit Company, Limited by Guarantee, under Section 28 of the Companies Act, 1994. GTC launched the program of Village Phone that enables rural poor to own a mobile phone and turn it into a profit-making venture. The vision behind the village phone program was formulated by Iqbal Quadir, who was convinced that a mobile phone could become a source of income. Quadir worked with Yunus and the Norwegian company Telenor to make the program a reality.