Telenor Norway may face lawsuit by Nobel Prize winner (Bangladesh)Telenor Norway may face a lawsuit as the Nobel Prize winner Muhammad Yunus may sue the telecom group, which, reportedly, was in a bid to gain a full control over the Grameenphone.
Grameenphone was founded by Telenor and Grameen Telecom 12 years back and was launched by Yunus and Telenor owns 62% of the Grameenphone.
Yunus has always mentioned about a deal in which Telenor has agreed on transferring it’s share in Grameenphone to the company, to which Telenor has stated the deal invalid.
“I hope that a lawsuit will prove to be unnecessary, because Telenor’s owners will demand that the company is standing by the intention which was communicated in 1996 about transferring ownership and control through Grameenphone to the poor in Bangladesh,” said Yunus.
