diff --git a/openbsc/src/gprs/gb_proxy_main.c b/openbsc/src/gprs/gb_proxy_main.c
index f82fb5b..0c3cfbe 100644
--- a/openbsc/src/gprs/gb_proxy_main.c
+++ b/openbsc/src/gprs/gb_proxy_main.c
@@ -252,10 +252,6 @@
 	rate_ctr_init(tall_bsc_ctx);
 	osmo_stats_init(tall_bsc_ctx);
 
-	rc = telnet_init(tall_bsc_ctx, &dummy_network, OSMO_VTY_PORT_GBPROXY);
-	if (rc < 0)
-		exit(1);
-
 	bssgp_nsi = gprs_ns_instantiate(&proxy_ns_cb, tall_bsc_ctx);
 	if (!bssgp_nsi) {
 		LOGP(DGPRS, LOGL_ERROR, "Unable to instantiate NS\n");
@@ -274,6 +270,14 @@
 		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_GBPROXY);
+	rc = telnet_init_dynif(tall_bsc_ctx, &dummy_network,
+			       vty_get_bind_addr(), OSMO_VTY_PORT_GBPROXY);
+	if (rc < 0)
+		exit(1);
+
 	if (!gprs_nsvc_by_nsei(gbcfg.nsi, gbcfg.nsip_sgsn_nsei)) {
 		LOGP(DGPRS, LOGL_FATAL, "You cannot proxy to NSEI %u "
 			"without creating that NSEI before\n",
diff --git a/openbsc/src/gprs/gtphub_main.c b/openbsc/src/gprs/gtphub_main.c
index f18710d..89582b1 100644
--- a/openbsc/src/gprs/gtphub_main.c
+++ b/openbsc/src/gprs/gtphub_main.c
@@ -314,9 +314,6 @@
         gtphub_vty_init(hub, cfg);
 
 	rate_ctr_init(osmo_gtphub_ctx);
-	rc = telnet_init(osmo_gtphub_ctx, 0, OSMO_VTY_PORT_GTPHUB);
-	if (rc < 0)
-		exit(1);
 
 	handle_options(ccfg, argc, argv);
 
@@ -327,6 +324,14 @@
 		exit(2);
 	}
 
+	/* start telnet after reading config for vty_get_bind_addr() */
+	LOGP(DGTPHUB, LOGL_NOTICE, "VTY at %s %d\n",
+	     vty_get_bind_addr(), OSMO_VTY_PORT_GTPHUB);
+	rc = telnet_init_dynif(osmo_gtphub_ctx, 0, vty_get_bind_addr(),
+			       OSMO_VTY_PORT_GTPHUB);
+	if (rc < 0)
+		exit(1);
+
 	if (gtphub_start(hub, cfg,
 			 next_restart_count(ccfg->restart_counter_file))
 	    != 0)
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");