Banglalink records 7.2% revenue growth in Q3

Mobile operator Banglalink has recorded year-on-year (YoY) revenue growth of 7.2 per cent in the third quarter, according to the company's earnings results.

The country’s third-largest mobile operator released the results on Saturday.

The growth comes despite the impact of lockdown during the early months of the quarter.

Erik Aas, chief executive officer (CEO) of Banglalink, said, "Banglalink's performance in 3Q21 is yet another reflection of its efforts for providing quality digital services in Bangladesh. Thanks to a staggering 32% YoY data revenue growth, we managed to post 7.2% YoY total revenue growth this year.

"Our focus on customers, combined with targeted network investments and acquisition of additional spectrum, contributed to a 61.4% YoY growth in our 4G customer base. We are serving over 1.14 crore 4G users – which account for 33% of our total customer base".

Banglalink now serves 11.4 million 4G users, which accounts for 33 per cent of its total customer base. Its video streaming app Toffee has a user-base of 6.3 million.