Banglalink's revenue sees 3.7% growth in 2019
Its customer base grew by 4 percent year-on-year while data customers increased by 9.7 percent
Banglalink has witnessed 3.7 percent total revenue growth supported by 26.8 percent data revenue growth in 2019.
This was revealed in a financial statement of VEON – the parent company of Banglalink, published on Saturday.
Banglalink posted Tk4,530 crore in total revenue last year, compared to Tk4,370 crore in 2018. The company also posted Tk1,880 crore in earnings before interest, taxes, depreciation and amortisation, a 22.3 percent growth from 2018.
Keep updated, follow The Business Standard's Google news channel
Banglalink has also reported good results in the fourth quarter of last year and continued to deliver year-on-year service revenue growth for the fifth consecutive quarter in a growing market.
The company's total revenue in the fourth quarter of last year was Tk1,110 crore, compared to Tk1,100 crore in the corresponding period of 2018. This is a year-on-year growth of 1.2 percent.
Banglalink achieved this goal despite intense competition in the market and a challenging regulatory environment. The company continued to focus on acquiring customers in the fourth quarter of 2019.
Its customer base grew by 4 percent year-on-year, while data customers increased by 9.7 percent as a result of simplified product offers and improved network availability.
In a statement, Banglalink Chief Executive Officer Erik Aas said, "Banglalink's growth is reflective of the significant turnaround we made in 2019 as an active digital player in the market, by expanding our 4G network and enhancing our service quality.
"Throughout the year, we remained focused on ensuring improved digital experience for our customers through introducing innovative digital products and bringing more digital platforms."
Erik added that the telecom company is confident of keeping the momentum going and expecting that its endeavours to provide customers with quality services will be supported by a few crucial regulatory moves, such as the required measures according to Significant Market Power directives and the proper implementation of Tower Sharing Licensing Guidelines.
