Customer trust in Robi’s robust nationwide network continues to grow steadily: helping the company to maintain steady revenue growth and profit margins even amidst various adversities. This trend has remained consistent as indicated in the financial reports published in the third quarter of 2023.
In the just-concluded quarter, Robi Axiata Limited recorded a revenue of 2,543 crore with an impressive net profit after tax (PAT) of 106 crore taka. The company has invested 374 crore taka for successfully deploying 2600 MHz band spectrum to further strengthen the 4G network in Q3’23.
Adding 12 lakh new customers in the Q3’23, the total number of subscribers has reached 5 crore 76 lakhs representing 30 percent of the country’s total mobile phone users. Robi has added 11 lakh data users in the mentioned quarter taking up the total number of data users 4.42 crore, which is 76.8 of the total customer base.
Having added 18 lakh 4G customers on the network, Robi’s 4G users reached 3 crore 42 lakh; constituting 59 percent of total subscribers and 76.8 percent of data users in Q3’23. Each data user in Robi now consumes an average of 6.67 GB of data per month. Robi’s digital recharge reached 46 percent of the total recharge in the mentioned quarter.
Reflecting on the overall business performance, Robi’s Managing Director (MD) and Chief Executive Officer (CEO), Rajeev Sethi said, “Continuous investment in network development is driving customer confidence in Robi, as evidenced by the addition of 1.2 million new customers this quarter. With a solid financial foundation, significant investments in the 4G network, and innovative services, we are moving forward in the right direction as a company.”
Emphasizing on overall policy reforms in the mobile telecom sector, Robi MD & CEO said, “To accelerate the implementation process of Smart Bangladesh and to keep pace with the technological evolution including 5G, we need to reform the overall policy and tax collection process. Fiber is very important in this aspect—we hope the Government and Regulatory authority will consider the situation appropriately.”
