The Bangladeshi mobile operator Grameenphone, which is 62 percent owned by Telenor, today filed its final application for an initial public offering (IPO) of US$ 65 million.

The price for the IPO has been proposed at BDT 7.00, subject to approval by the Securities and Exchange Commission (SEC). Grameenphone expects the subscription period for the IPO to be late January or early February next year.

"We are proud of our achievement in having reached this milestone. We remain committed to contributing to the development of the capital markets of Bangladesh and look forward to a successful completion of the largest IPO in the country" said Oddvar Hesjedal, CEO of Grameenphone.