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Banglalink attains double-digit revenue growth

Banglalink has maintained its position in network speed and service quality with a double-digit revenue growth for two consecutive quarters, a press release said Friday.

The latest quarterly results of Banglalink have been published today by its parent company VEON. Its revenue increased by 11.6 percent year-on-year to Tk13,795 million in 3Q22, maintaining the double-digit growth trend of the previous quarter. A21.4percent YoYdata revenue growth and a 6.4percent YoY subscriber-base growth contributed to sustaining consistent performance.

Banglalink’s recent 4G expansion drive has resulted in the nationwide availability of its fastest network and quality digital services. Over 3400new Base Transceiver Stations (BTS) of Banglalink have been built in the last ten months. Its 4G subscriber base increased by 31.7percent YoY to 15 million. Along with launching next generation 4Gusing Time Division Duplex (TDD) technology as the first operator in the country, Banglalink has expanded its network coverage in the Chattogram region by 50percent recently.

Toffee, Banglalink’s digital entertainment platform, also witnessed consistent growth in 3Q22. Its monthly user-base stood at 7 million at the end of this quarter. It is also set to livestream the upcoming World Cup Football as the exclusive digital platform in the country. Banglalink’s self-care app MyBL also kept getting traction, with its active user-base reaching 5.1 million in 3Q22.

Erik Aas, Chief Executive Officer, Banglalink,said,“The consistent double-digit revenuegrowth confirms the customer’s recognition of our increased network footprint and service quality across the country.” 

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