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Banglalink earnings from digital, data services up 32.6%

Staff Correspondent
20 Mar 2023 14:15:44 | Update: 20 Mar 2023 15:08:34
Banglalink earnings from digital, data services up 32.6%
— Courtesy Photo

The earnings of Veon, the mother company of Banglalink from the digital and data segment, have increased by 32.6 per cent in 2022.

Banglalink has also registered double-digit growth of 16.9 per cent in the 2022 calendar year, while also securing the highest number of subscribers — over four crores — in the given time.

The country’s third largest mobile operator credited it to service quality improvement and expansion of its Fourth Generation (4G) network in Bangladesh.

According to the 2022 earnings release published recently by Banglalink's parent company Veon, Banglalink's annual revenue in 2022 increased by 12.1 per cent year on year to Tk 5.374 crore, owing to double-digit growth momentum in three consecutive quarters.

Banglalink's annual service revenue in 2022 grew by 12.3 per cent YoY.

VEON Group CEO Kaan Terzioğlu discloses the information in a press conference held at Tiger Garden in the capital's Gulshan on Monday.

Bangladesh has turned out as the second largest market for Veon after the business has shrunk due to the Russia-Ukraine war, he informed.

Highlighting the plan for 2023, he said, Bangladesh is doing very well after overcoming human and natural disasters. Bangladesh will lead in terms of using the latest technology GPT. Banglalink will be ahead to provide the best service to the customers in that journey.

Erik Aas, CEO at Banglalink said that in March of this year, the number of Banglalink subscribers exceeded 40 million.

Banglalinks's coverage has reached 81 per cent of the country's population from 14,000 BTS of the operator.

The network expanded 12 per cent year-on-year with peak waves. As a result, the last three years have been the best in Ookla speed report in four consecutive terms.

Eric said about Banglalink's Toffee app, 5.2 crore people have already registered in this app and Toffee's monthly active user base reached 2.12 crore at the end of 2022, heavily influenced by its exclusive live streaming of the FIFA World Cup Qatar 2022.

In 2022, the profit from the app has increased over Tk 140 crore.

Taimur Rahman, chief corporate and regulatory affairs officer of Banglalink, was also present on the occasion.