Banglalink revenue up 23pc in Q3

Banglalink's revenue rose 23 percent year-on-year in the third quarter of 2012, the operator's parent company Orascom Telecom Holdings said in a statement yesterday.
The revenue, of Tk 1,180 crore, came on the back of favourable exchange rate, increase in subscriber base, higher usage of internet and value-added services, reactivation promotions and targeted acquisitions of the higher value segment.
Banglalink achieved an EBITDA (earnings before interest, taxes, depreciation and amortisation) of Tk 350 crore for the quarter, a 9 percent increase from the previous year, according to the statement.
The operator, with its subscriber base of 2.75 crore, has a 27.5 percent market share, and comes in second behind Grameenphone.