About that GrameenPhone IPO…

Monday, November 24th, 2008

Amid reports that Yunus may sue Telenor, along with the global financial meltdown, the proposed IPO of GrameenPhone in Bangladesh appears to be on the ropes. To raise cash, GP has offered 14% bonds that appear to be “unsecured.” Well, they aren’t the only company in trouble these days. Did I tell you the CEO quit right in the middle of the IPO dance?