GrameenPhone sales up 6%, but user growth slows to a crawl

6 May 2009

Bangladesh’s largest mobile operator by subscribers GrameenPhone has reported its results for the first quarter of 2009, in which its revenues increased by 6% year-on-year to BDT15.8 billion (USD235 million), but average revenue per user (ARPU) declined by 13%, and net subscriber additions were just 63,000, compared to 1.32 million in the first three months of 2008. Rising turnover was attributed to the introduction of International Gateway (IGW) services in the fourth quarter of 2008, whilst the company blamed the stark slowdown in customer growth to the introduction of a tax on SIM cards. ARPU has fallen in the last year due to decreasing average prices, only partially offset by higher usage.

Bangladesh, GrameenPhone,

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