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Monday 9 November 2015

Banglalink revenue grows 9pc in nine months

Banglalink's revenue grew 9 percent year-on-year to Tk 3,510 crore in the first nine months of 2015, according to data from its parent company VimpelCom.
The company's revenue stood at Tk 1,190 crore in the July-September quarter.
In a report, VimpelCom praised Banglalink as a company with 'continued strong performance” and said: “Superior customer experience is a result of the strengthened network and attractive data offers.”
VimpelCom did not provide details on the operator's profits. However, earlier last month, Banglalink Chief Executive Officer Ziad Shatara confirmed that they are making profits at the moment.
The operator is progressing in data revenue and data use, according to the report.
Banglalink's revenue from data grew 94 percent year-on-year to Tk 229 crore in the first nine months of 2015.
The operator's data per user stands at 104 MB a month, which was only 41 MB in September 2014, according to the report.
"Our data speed is the highest among other mobile phone operators in the country and so, we will see more users next time and our data performance will be much higher,” said a senior executive.
Banglalink, the second largest operator by subscribers in Bangladesh, has around 1.48 crore data users out of its 3.23 crore active users as of September.
The expansion of its 3G coverage is one of the reasons for the growth; its 3G coverage brings 31 percent of the country's population under its network.
Banglalink customers' use of the voice segment declined. In the last quarter, an average Banglalink customer used 188 voice minutes, while it was 201 minutes in the quarter before that.