Bangladesh's Grameenphone gets go-ahead for IPO

OSLO, July 2 (Reuters) - Bangladeshi mobile phone service operator Grameenphone, 62 percent owned by Norway's Telenor (TEL.OL), has now received regulatory approval for its initial public share offer, the company said on Thursday.

Grameenphone said it filed its final application with the country's Securities and Exchange Commission in December 2008 and final prospectus in January 2009.

It said the valuation of the company and the offer price remained unchanged from the original application but it would increase the size of the total offer.

Grameenphone has already raised $60 million through a pre-IPO private placing offer (PPO) to local institutional investors last December.

"Grameenphone shareholders have further decided to revise the total offer size, including IPO and Pre-IPO, from 8.95 per cent to 10 percent of its total share capital," Grameenphone said in a statement on Thursday. (Reporting by Aasa Christine Stoltz; Editing by Greg Mahlich)