The approval to the amendment came at the 14th annual general meeting of the mobile operator at Bangabandhu International Conference Centre in Dhaka.
Sigve Brekke, chairman of Grameenphone, and Tore Johnsen, chief executive officer, were present with other board members, senior officials and shareholders of the company. Hossain Sadat, company secretary, conducted the meeting with a question-answer session.
The shareholders approved final cash dividends at 85 percent of paid-up capital for the year to December 31, 2010, as recommended by the board of directors.
Some of the shareholders said the network system and internet services of GP are getting poor or bad, but they appreciated the company's corporate social responsibility interventions.
Johnsen said the management team of the company always tries to perform better. “This is the biggest company in the country. The network problems are occurring for the swapping or upgrading of the system. But the service quality, both voice and data, will be better than what it had been in the past.”
While replying to the shareholders' queries, Brekke said: “GP's revenue will increase in the following days. The company has seen a gradual increase in revenue but due to higher subscriber acquisition cost, the EBITDA margin was lower compared to 2009, which was mainly driven by high SIM tax.”