Banglalink records 7.2% revenue growth in third quarter

Banglalink has recorded year-on-year revenue growth of 7.2 per cent in the third quarter of the current year as per the company’s earnings results.

The country’s third-largest mobile operator released the results on Saturday. Banglalink booked revenue growth of 7.2 per cent despite the impact of lockdown during the early months of the quarter.

According to the release, Banglalink’s digital services continued to attract new customers, as video streaming app Toffee added an additional 1.4 million customers during the third quarter. It’s self-care app MyBanglalink saw a doubling of its active user base year-on-year to 3.1 million.

Banglalink Chief Executive Officer Erik Aas said, “Banglalink’s performance in the third quarter of the current year is yet another reflection of its efforts for providing quality digital services in Bangladesh. Thanks to a staggering 32 per cent year-on-year data revenue growth, we managed to post 7.2 per cent year-on-year total revenue growth this year. Our focus on customers, combined with targeted network investments and acquisition of additional spectrum, contributed to a 61.4 per cent year-on-year growth in our 4G customer base.”