Jon Fredrik Baksaas, GrameenPhone's 62 percent Norwegian owner Telenor's president and CEO, is arriving in Dhaka Sunday on a three-day official trip.

“He will meet the telecoms sector's high officials and inaugurate a strategic product of GrameenPhone,” said Syed Yameen Bakht, GP's general manager without revealing any details.

In 1996, GrameenPhone became the Norwegian state-owned telecoms provider's very first venture in Asia. It subsequently entered the mobile markets of Malaysia, Thailand and Pakistan. Baksaas was appointed Telenor's CEO in June 2002. He also has held the position of deputy CEO since 1997.

Predictably a happy Baksas will be visiting Bangladesh immediate after beating all market predictions by making an impressive 55 percent jump in first-quarter core profit. Its EBITDA rose to $1.28 billion in the first three months of the year. At the end of the quarter, the companies which Telenor owns had 90 million mobile subscribers and the group expects to pass the 100-million subscriber milestone very soon.