Telenor on Fortune’s Change the World list

Staff Correspondent | Updated at 07:38pm on August 26, 2018

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A still from an advertisement of Tonic mobile healthcare

Telenor Group has been recognised by Fortune magazine for its work to bring affordable healthcare to the mass market through its mobile health service Tonic in Bangladesh.

The magazine has included Telenor in its fourth annual ‘Change the World’ list of companies that are doing well by doing good.

The companies on this year’s ‘Change the World’ list hail from 19 different countries.

Fortune editor-in-chief Clifton Leaf writes that with partners Shared Value Initiative, the magazine has identified dozens of companies that are tackling public health, environmental, economic, or other societal challenges as part of their everyday operations. He stressed that the list wasn’t about the charity companies give, ‘rather is about solving problems through the only sustainable and scalable problem-solving machine we know of: business.’

Telenor Group has made it into the list for its digital health service Tonic, which is making health service accessible and affordable for the customers of its Bangladeshi operation Grameenphone Limited, said a release.

‘To be recognised by Fortune as a company that contributes to changing the world is a testament to how Telenor uses its vast footprint and the power of connectivity for social good, to create shared value,’ said Sigve Brekke, president & CEO of Telenor Group.

Speaking on the occasion, Grameenphone CEO Michael Foley said, ‘The World Health Organization estimates that more than 100 million people are pushed into extreme poverty each year due to medical costs and more than 400 million people lack access to basic health services. Yet in many places – particularly Telenor markets like Bangladesh, Pakistan, and Myanmar – life-changing primary care and health insurance remain out of reach. Tonic can play an effective role in resolving this situation.’