Grameen Telecom (GTC) was established by Muhammad Yunus with a partial stake in Grameen Phone (GP) and registered as a Not-for-Profit Company, Limited by Guarantee, under Section 28 of the Companies Act, 1994. GTC has driven the pioneering GP program of Village Phone that enables rural poor to own a cell-phone and turn it into a profit making venture. The vision behind the village phone program was formulated by Iqbal Quadir who was convinced that a mobile phone could become a source of income generation. Quadir worked with Yunus and the Norwegian company Telenor to make the program a reality. - Source: Wikipedia
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