Revenue up by 29 per cent
Thursday, 27 August 2009
FE Report
Banglalink, country's second largest mobile company marked a 29 per cent rise in its revenue in the period ended June 30,2009.
"In terms of revenue, Banglalink's performance has been impressive with total revenues of Tk. 11.83 billion at the end of 1st half of 2009.
Orascom Telecom Holding (OTH), the holding company of Banglalink recently announced its financial results for the 1st half of 2009.
In the 1st half of 2009, due to a withdrawal of SIM tax subsidy by the major operators, the overall industry continued to experience a slowdown as connection prices were increased.
Despite the rise in prices, Banglalink's subscriber base increased steadily and reached 11.04 million at the end of the 1st Half, which is a 17 per cent increase compared to the same time last year.
The market share of Banglalink also went up to 23.7 per cent in the 1st half of 2009, as compared to 21.6 per cent during the same time last year.
The ARPU (average revenue per user) has also reported an increase of 18 per cent in quarter two compared to the same time last year and an increase of 4 per cent compared to the previous quarter.
All these positive performances have been the outcomes of the revenue enhancement initiatives aimed at the existing base. Commenting on the recent achievements, the Chairman of OTH, Mr. Naguib Sawiris said, "Banglalink continues to grow very well with strong subscriber take up and stable ARPU; it is now stably EBITDA (earnings before interest, tax, depreciation and amoritization) positive and has reached an impressive 40 per cent plus margin in Q2".
Banglalink, country's second largest mobile company marked a 29 per cent rise in its revenue in the period ended June 30,2009.
"In terms of revenue, Banglalink's performance has been impressive with total revenues of Tk. 11.83 billion at the end of 1st half of 2009.
Orascom Telecom Holding (OTH), the holding company of Banglalink recently announced its financial results for the 1st half of 2009.
In the 1st half of 2009, due to a withdrawal of SIM tax subsidy by the major operators, the overall industry continued to experience a slowdown as connection prices were increased.
Despite the rise in prices, Banglalink's subscriber base increased steadily and reached 11.04 million at the end of the 1st Half, which is a 17 per cent increase compared to the same time last year.
The market share of Banglalink also went up to 23.7 per cent in the 1st half of 2009, as compared to 21.6 per cent during the same time last year.
The ARPU (average revenue per user) has also reported an increase of 18 per cent in quarter two compared to the same time last year and an increase of 4 per cent compared to the previous quarter.
All these positive performances have been the outcomes of the revenue enhancement initiatives aimed at the existing base. Commenting on the recent achievements, the Chairman of OTH, Mr. Naguib Sawiris said, "Banglalink continues to grow very well with strong subscriber take up and stable ARPU; it is now stably EBITDA (earnings before interest, tax, depreciation and amoritization) positive and has reached an impressive 40 per cent plus margin in Q2".