Banglalink’s revenue up

Banglalink yesterday said it recorded 3.6 per cent year-on-year growth to Tk 524 crore in the July-September period of 2021 in its earnings before interest, taxes, depreciation, and amortisation (EBITDA) as a result of revenue growth.

The mobile network provider said its revenue grew 7.2 per cent to Tk 1,236 crore during the third quarter this year from Tk 1,153 crore in 2020, the company said in a statement.

Banglalink said the demand for data was strong. It recorded a 78.4 per cent spike in data usage during the July-September period that resulted in a 32 per cent increase in data revenue for the network operator.

Banglalink said 4G users led this expansion, rising in numbers by 61.4 per cent to 1.1 crore in the third quarter. 4G users accounted for one-third of Banglalink's total customers.

Erik Aas, chief executive officer of Banglalink, said its customer focus combined with targeted network investments and acquisition of additional spectrum contributed to its 4G-user growth.

"We are satisfied with the way Banglalink is moving forward with improved results in all segments," he added.

Banglalink's Average Revenue Per User (ARPU) rose marginally to Tk 117 in the third quarter of 2021 from Tk 116 during the same period a year ago.

The network provider's customers increased 6 per cent year-on-year to 3.4 crore in the third quarter of this year.