GrameenPhone’s revenues climb 18%

24 Oct 2011

GrameenPhone, Bangladesh’s biggest cellular operator by users, has reported BDT22.83 billion (USD299 million) revenues for the third quarter of 2011, an 18% increase on the same period of last year, while net income in July-September climbed to BDT5.63 billion, giving a 24.7% profit margin, despite what the company’s statement called ‘a daunting regulatory environment’. Higher profit was attributed to sustained revenue growth and cost improvements, partly offset by higher income tax expenses. GrameenPhone added 1.4 million net new mobile subscribers during the three months ended 30 September 2011 to reach a total of 35.2 million customer accounts, a 23% year-on-year increase. According to the company’s release, its market share now stands at ‘approximately 44%.’ According to TeleGeography’s GlobalComms Database, the GSM provider’s share stood at 41.3% at end-June 2011, down from 41.7% a year earlier, based on figures reported by cellcos and the local regulator.

Bangladesh , GrameenPhone (GP)

Subscribe



Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share