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GP revenue grows 1.8pc in Q3

The operator’s net profit reaches Tk 8.56 bn with a 55 pc growth in the number of 4G data users

  • Special Correspondent
  • 22 October, 2021 12:00 AM
  • Print news
GP revenue grows 1.8pc in Q3

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Grameenphone Ltd earned Tk 36.21 billion as revenue in the third quarter of 2021, registering a 1.8 percent growth from the same period last year.

The operator’s net profit stands at Tk 8.56 billion with 23.6 percent margin.

Having acquired 16 lakh new subscribers, the operator ended the period with 8.36 crore subscribers, a 7.7 percent year-on-year growth.

Of them, 4.61crore subscribers, or 55.1 percent of total subscribers, are using the Internet services.

 “Grameenphone remains committed to meeting customers’ demand for high-speed internet connectivity and improving customers’ experience, continuing with network rollout and spectrum deployment in the third quarter,” said Yasir Azman, CEO of Grameenphone Ltd.

“In addition, our drive on market execution and providing tailored offers to our customers resulted in more subscribers choosing Grameenphone as their preferred network,” he said.

Grameenphone CEO said the operator added 24 lakh data users to its network, registering a 9.7 percentyear-on-year growth in data users segment.

While Grameenphone continued to focus on driving bundle packs comprising of voice and data to the customers, it saw a higher conversion from voice to data users, he said.

CEO said this led to 55 percentyear-on-year growth in 4G data users and 52.4 percent increase in data usage from last year.

Azman said the Grameenphone continued its efforts towards empowering societies with a constant transformation.

“We are constantly transforming ourselves to meet the rising demand for advanced mobile services and high-quality network experience in the country,” he said.

Jens Becker, CFO of Grameenphone, said the beginning of the third quarter was negatively impacted by the stricter lockdown. Becker, however, added, “As the rates of COVID-19 started to decline, many restrictions were also eased. Despite this, we continued our network operations with our partners, which remains a key factor behind our continued growth momentum.”

According to him, total revenues grew by 1.8 percent year-on-year to Tk36.21 billion for the third quarter, while subscription and traffic revenues grew by 1.9 percent driven by strong contribution from bundles.

Net profit after tax for the period stood at Tk8.56 billion with 23.6 percent margin, he added.

During the third quarter of 2021, Grameenphone Ltd invested Tk1.92 billion for network coverage.

Grameenphone’s total number of sites stands at 18,023.

The company has paid Tk 79.20 billion equaling 74.2 percent of its total revenues, to the national exchequer in the form of taxes, VAT, duties, fees, 4G license and spectrum assignment in the first nine months of 2021.