diff --git a/openbsc/src/gprs/sgsn_main.c b/openbsc/src/gprs/sgsn_main.c
index 2d3a0e4..b10b0b3 100644
--- a/openbsc/src/gprs/sgsn_main.c
+++ b/openbsc/src/gprs/sgsn_main.c
@@ -315,9 +315,6 @@
 	handle_options(argc, argv);
 
 	rate_ctr_init(tall_bsc_ctx);
-	rc = telnet_init(tall_bsc_ctx, &dummy_network, OSMO_VTY_PORT_SGSN);
-	if (rc < 0)
-		exit(1);
 
 	ctrl = sgsn_controlif_setup(NULL, OSMO_CTRL_PORT_SGSN);
 	if (!ctrl) {
@@ -357,6 +354,14 @@
 		exit(2);
 	}
 
+	/* start telnet after reading config for vty_get_bind_addr() */
+	LOGP(DGPRS, LOGL_NOTICE, "VTY at %s %d\n",
+	     vty_get_bind_addr(), OSMO_VTY_PORT_SGSN);
+	rc = telnet_init_dynif(tall_bsc_ctx, &dummy_network,
+			       vty_get_bind_addr(), OSMO_VTY_PORT_SGSN);
+	if (rc < 0)
+		exit(1);
+
 	rc = sgsn_gtp_init(&sgsn_inst);
 	if (rc) {
 		LOGP(DGPRS, LOGL_FATAL, "Cannot bind/listen on GTP socket\n");