Banglalink’s revenue up 2.4pc in Q4
Banglalink, the third-largest mobile phone operator in terms of subscribers, said its revenue rose 2.4 per cent year-on-year to Tk 1,140 crore in the October-December quarter because of massive growth in data revenue.
"Thanks to our employees' dedicated efforts and consistent support of our customers and partners, we succeeded in maintaining the performance despite hurdles caused by several unprecedented situations," said Erik Aas, chief executive officer of the operator, in a press release.
Banglalink said it maintained a satisfactory performance in 2020. It posted a 22.1 per cent year-on-year growth in earnings from mobile data usage in the fourth quarter.
"Apart from our efforts, the impressive economic turnaround of the country and customers' growing reliance on digital services contributed to our performance," said Aas.
Despite higher revenue growth in the fourth quarter, Banglalink's annual revenue grew 0.7 per cent year-on-year to Tk 4,560 crore in 2020.
The company said its major achievement in 2020 came from providing internet service across the country. "Despite the surge in data demand throughout the year, we could serve our customers because of proper utilisation of our spectrum and the introduction of innovative digital services and other technological advancements," Aas said.
The operator said it delivered solid results for the second consecutive quarter despite the coronavirus pandemic.
Average revenue per user rose 3.5 per cent year-on-year to Tk 112 in the October-December period.
Cost optimisation initiatives contributed to the improvement in the earnings before interest, taxes, depreciation, and amortisation, it said. With 3.36 crore mobile phone subscribers, the operator said its continued drive to enhance 4G network supported 5.7 per cent growth in data customers.
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