Banglalink posts 11.6% revenue growth in Q3

Telecom operator Banglalink has witnessed an 11.6 per cent revenue growth year-on-year to Tk 13,795 million in the third quarter of 2022.

The operator achieved double-digit revenue growth for two consecutive quarters, Banglalink said in its quarterly statement on Thursday, published by its parent company VEON.

The telecom firm also posted 21.4 per cent data revenue growth and 6.4 per cent subscriber-base growth compared to the same quarter last year.

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According to the statement, Banglalink’s recent 4G expansion drive has resulted in the nationwide availability of its fastest network and quality digital services.

“Over 3,400 new Base Transceiver Stations (BTS) of Banglalink have been built in the last 10 months.”

The telecom firm’s 4G subscriber base has increased by 31.7 per cent year-on-year to 15 million.

Toffee, Banglalink’s digital entertainment platform, also witnessed consistent growth in the third quarter with its monthly user base standing at 7 million.

Banglalink’s self-care app MyBL continues to get traction, with its active user base reaching 5.1 million in Q3, the statement said.

Banglalink Chief Executive Officer Erik Aas said, “The consistent double-digit revenue growth confirms the customer’s recognition of our increased network footprint and service quality across the country. Thanks to this, Banglalink also succeeded in increasing its revenue market share in 3Q22.

“With a stronger presence in different regions of the country and a wide array of digital services, we are confident of maintaining the growth momentum.”