Banglalink logs 11.6pc revenue growth in Q3

Mobile phone operator Banglalink registered a double-digit revenue growth in the third quarter of 2022, the second consecutive period that it has gone over 10 per cent on the back of strong data sales. 

The telecom operator's revenue rose 11.6 per cent year-on-year to Tk 1,379.5 crore in the July-September quarter of 2022.

It was 8.6 per cent and 11 per cent in the first and second quarters of 2022 respectively.

With this, the country's third-largest operator is poised to surpass its 5.1 per cent year-on-year revenue growth in 2021, which was the highest revenue growth in six years.

The strong display in performance comes amidst the company achieving the top spot in internet speed tests conducted by the regulator and global analyst firms.

A 21.4 per cent year-on-year data revenue growth and a 6.4 per cent year-on-year subscriber-base growth contributed to the consistent performance, said the mobile phone operator in a press release yesterday.

Its parent company Veon published the latest quarterly results yesterday.

"The consistent double-digit revenue growth confirms the customer's recognition of our increased network footprint and service quality across the country," said Erik Aas, chief executive officer of Banglalink.

"Thanks to this, Banglalink also succeeded in increasing its revenue market share in the third quarter of 2022," he said.

Banglalink's recent 4G expansion drive has resulted in the nationwide availability of its fastest network and quality digital services, said the press release.

More than 3,400 new base transceiver stations of Banglalink have been built in the last 10 months. its 4G subscriber base expanded by 31.7 per cent to 1.5 crore.

Along with launching 4G, Banglalink has expanded its network coverage in the Chattogram region by 50 per cent recently.

Toffee, Banglalink's digital entertainment platform, also witnessed consistent growth in the July-September period. Its monthly user base stood at 70 lakh at the end of the quarter, added the press release.