GP Grameenphone Ltd

Bragar Eagel & Squire, P.C. Is Investigating Graña y Montero S.A.A. (GRAM) on Behalf of Stockholders and Encourages Investors with Losses to Contact the Firm

NEW YORK--(BUSINESS WIRE)--

Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Graña y Montero S.A.A. (NYSE:GRAM). Our investigation concerns potential breach of fiduciary duty and securities claims.

On February 24, 2017, Hildebrandt en sus trece, a Peruvian magazine, disclosed that Graña was aware of $20 million in bribes paid to former President Alejandro Toledo by Brazilian firm Odebrecht SA. Graña worked with Odebrecht on two parts of a project to pave a road extending from the Peruvian Amazon to Brazil.

On this news, Graña shares fell $1.77 per share, or approximately 34.8%, to close at $3.32 per share on February 24, 2017.

If you purchased or otherwise acquired Graña securities and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact J. Brandon Walker, Esq. by email at [email protected], or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Graña y Montero S.A.A., please go to www.bespc.com/gram. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.

EN
27/02/2017

Underlying

GPGrameenphone Ltd

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Grameenphone Ltd

A K M Arif Uzzaman Arif Uzzaman
  • A K M Arif Uzzaman Arif Uzzaman
GP Grameenphone Lt...

Equity Note on Grameenphone Ltd. (GP)

Grameenphone Ltd. (GP) is primarily engaged in providing mobile telecommunication services (voice, data and other related services), along with digital services in the country. The company also provides international roaming services through international roaming agreements with various operators in different countries across the world. GP generated majority of its revenue from voice segment, constituting an average of 59.2% of its total revenue from FY’19 to FY’23. Additionally, the company e...

GP GRAMEENPHONE LTD
01/05/25 January 5, 2025 7 EN
Md. Ifrat Khan
  • Md. Ifrat Khan
GP Grameenphone Lt...

Grameenphone: c30% yoy earnings growth driven by BDT 2.4bn net provisi...

GP paid BDT 17.7bn for the settlement of regulatory disputes: BDT 7.8bn to NBR for the settlement of tax disputes till 2018 and BDT 9.9bn payment to BTRC considering the written judgment for the case relating to VAT mechanism and spectrum assignment fee during 2G license renewal. Operating profit remained flat: 5.6% Revenue growth was offset by increase in non-cash expense (Depreciation and Amortization). c30% earnings growth was driven by Net provision reversal of BDT 2.4bn. Because of cash ...

GP GRAMEENPHONE LTD
07/20/23 July 20, 2023 1 EN
Humayra Afroz ... (+2)
  • Humayra Afroz
  • Tanay Roy
GP Grameenphone Lt...
SINGERBD Singer Banglade... ... (+9)

How did multinational companies perform in Jan-Mar 2023?

* The cumulative profits of Multinational Companies (MNCs), excluding BERGERPBL, increased by c5% yoy in Jan-Mar 2023. * Consumer staple companies experienced continued growth, performing well during the quarter: * MARICO’s profit grew c. 25% this quarter because of profitability improvement driven by lower copra price and opex management * RECKITTBEN resumed topline growth and generated strong earnings growth by trimming operating expenses * All construction companies ...

GP GRAMEENPHONE LTD
SINGERBD SINGER BANGLADESH
LINDEBD LINDE BANGLADESH
BATBC BATBC
LHM LAFARGEHOLCIM MAROC SA
MARICO MARICO BANGLADESH LTD
HEIDELBCEM HEIDELBERG CEM
UNILEVERCL UNILEVER CONSUMER CARE
RECKITTBEN RECKITT BENCKISER (BANGLADESH) LTD
05/25/23 May 25, 2023 1 EN
Md. Ifrat Khan ... (+2)
  • Md. Ifrat Khan
  • Tanay Roy
GP Grameenphone Lt...

Grameenphone: Q1 CY23 Earnings Update:: c4% yoy earnings decline

GP posted c4% yoy profit decline in Q1 CY23. The earnings decline was mainly driven by the rise of finance expense and depreciation cost, totaling to BDT 1.8bn. It had BDT 0.8 impact in Q1 CY23 EPS after tax adjusted basis. 2.8% yoy revenue growth reported in Q1 CY23. In Q1 CY23, Revenue stood at BDT 37,348mn against BDT 36,335mn in Q1 CY22 which indicates 2.8% yoy revenue growth. Revenue growth was mainly driven by 14.2% data revenue growth yoy. ARPU is growing for the last five quarters. Th...

GP GRAMEENPHONE LTD
05/16/23 May 16, 2023 1 EN
Shopnil Paul ... (+2)
  • Shopnil Paul
  • Tanay Roy
GP Grameenphone Lt...

Restriction on Grameenphone SIM card sale is withdrawn

On 29th June, 2022, on the ground of the poor service quality, the Bangladesh Telecommunication Regulatory Authority (BTRC) imposed a ban on selling new and old SIM Card for Grameenphone and instructed them to improve their service quality, especially to bring down the call drop rate. Because of the high demand for Grameenphone SIM, on 20th November 2022, BTRC allowed GP to sell 78,000 SIM cards to selective public and private corporate clients, including Bangladesh Armed Forces. Finally, BT...

GP GRAMEENPHONE LTD
01/03/23 January 3, 2023 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch