Banglalink revenue up by 29pc

August 27, 2009

Mobile phone operator banglalink earned revenues of Tk 1,183 crore at the end of first half 2009, which is an increase of 29 per cent compared to the same time last year.
Its subscriber base increased steadily and reached 11.04 million at the end of June, which is a 17 per cent increase compared to the same time last year. The market share of banglalink also went up to 23.7 per cent in the first half of 2009, as compared to 21.6 per cent during the same time last year, a news release said.
Orascom Telecom Holding, the holding company of Banglalink, has recently announced its financial results for the first half of 2009. In the first half of 2009, due to a withdrawal of SIM tax subsidy by the major operators, the overall industry continued to experience a slowdown as connection prices were increased, it said.
The ARPU has also reported an increase of 18 per cent in the second quarter compared to the same time last year and an increase of 4 per cent compared to the previous quarter.
Orascom Telecom chairman Naguib Sawiris said, ‘Banglalink continues to grow very well with strong subscriber take up and stable ARPU; it is now stably EBITDA positive and has reached an impressive 40 per cent plus margin in Q2.’
During the first half of 2009, banglalink succeeded to achieve an EBITDA of Tk 417 crore as a result of a decrease in customer acquisition costs and an increase in revenue.
In the first half of 2009, banglalink’s CAPEX investment was Tk 347 crore million which brings the total investment till date to Tk 7,397 crore.

Courtesy of NewAgebd

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