Data push GP revenue up

Country’s leading mobile phone operator Grameenphone reported revenue of Tk 30.6 billion for the first quarter of 2017, an 11.1 per cent growth from the same period last year, reports BSS.
Data revenue grew by 64.9 per cent with healthy growth in user base and volume. Voice revenue also grew by 7.1 per cent with healthy development of minutes of usage.
Grameenphone ended the quarter with 59.9 million active subscribers, registering a 3.3 per cent growth from last quarter. The operator also acquired 0.7 million internet users during the period, taking the quarter end base to 25.2 million. With this, 42.2 percent of total subscribers are using Grameenphone internet services.
“Our data as well voice revenue continue to grow with healthy momentum and this is an encouraging sign for us that our commitment towards providing superior network quality and simple offers are creating greater value for our valued subscribers”, said Petter Furberg, CEO of Grameenphone while announcing the quarterly financial update through a media statement.
“During the quarter, we experienced stable voice price and improved data monetization. Our strong focus on operating efficiency is also generating value for our honorable shareholders,” he added.
Net profit after taxes for the quarter was Tk 6.6 billion with 21.4 per cent margin compared to Tk 5.6 billion with 20.4 per cent margin of the corresponding period of 2016.
Higher revenue and operating efficiency contributed to a healthy EBITDA (before other items) of Tk 17.8 billion. Earnings per share (EPS) for the period stood at Tk 4.86.
“Grameenphone reported healthy earnings driven by top-line growth and operational efficiency initiatives. We were able to maintain our performance momentum during the quarter as well”, said Dilip Pal, CFO of Grameenphone.
He added, “The result of this quarter is a testimony that securing potential growth along with operating efficiency is key in driving future profitability for the company.”
Grameenphone invested Tk 4.5 billion during the quarter for 3G as well 2G coverage expansion and capacity enhancement of voice. The operator added 238 2G and 776 3G sites, taking the cumulative site numbers to 12,222 for 2G and 11,332 for 3G.
With this, the company is covering more than 99 percent population for 2G and more than 91 percent for 3G. During the quarter, the company contributed to exchequer BDT 11.8 billion, comprising 38.4 percent of total revenue, in the form of taxes, VAT, duties and license fees.

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Data push GP revenue up

Countrys leading mobile phone operator Grameenphone reported revenue of Tk 30.6 billion for the first quarter of 2017, an 11.1 per cent growth from the same period last year, reports BSS. Data revenue grew by 64.9 per cent with healthy growth in user base and volume. Voice revenue also grew by 7.1 per cent with healthy development of minutes of usage. Grameenphone ended the quarter with 59.9 million active subscribers, registering a 3.3 per cent growth from last quarter. The operator also acquired 0.7 million internet users during the period, taking the quarter end base to 25.2 million. With this, 42.2 percent of total subscribers are using Grameenphone internet services. Our data as well voice revenue continue to grow with healthy momentum and this is an encouraging sign for us that our commitment towards providing superior network quality and simple offers are creating greater value for our valued subscribers, said Petter Furberg, CEO of Grameenphone while announcing the quarterly financial update through a media statement. During the quarter, we experienced stable voice price and improved data monetization. Our strong focus on operating efficiency is also generating value for our honorable shareholders, he added. Net profit after taxes for the quarter was Tk 6.6 billion with 21.4 per cent margin compared to Tk 5.6 billion with 20.4 per cent margin of the corresponding period of 2016. Higher revenue and operating efficiency contributed to a healthy EBITDA (before other items) of Tk 17.8 billion. Earnings per share (EPS) for the period stood at Tk 4.86. Grameenphone reported healthy earnings driven by top-line growth and operational efficiency initiatives. We were able to maintain our performance momentum during the quarter as well, said Dilip Pal, CFO of Grameenphone. He added, The result of this quarter is a testimony that securing potential growth along with operating efficiency is key in driving future profitability for the company. Grameenphone invested Tk 4.5 billion during the quarter for 3G as well 2G coverage expansion and capacity enhancement of voice. The operator added 238 2G and 776 3G sites, taking the cumulative site numbers to 12,222 for 2G and 11,332 for 3G. With this, the company is covering more than 99 percent population for 2G and more than 91 percent for 3G. During the quarter, the company contributed to exchequer BDT 11.8 billion, comprising 38.4 percent of total revenue, in the form of taxes, VAT, duties and license fees. Related News: Grameenphone reluctant to provide MNP services to subscribers(12-06-2015) DRU accuses GP of cheating(23-06-2015) GP seeks until Tuesday to fix problem(05-07-2015) VIPs SIM cards cloned(17-09-2015) BTRC to start auditing GP on October 20(07-10-2015) GP under renewed fire from telecoms minister(20-10-2015) GP deprives railways of Tk 81cr a year: CAG(05-01-2016) BTRC seeks explanation from GP, ADN, Agni(04-04-2016) Five GP staff among 11 arrested over SIM cloning(20-04-2016) GP denies, CID remains firm(21-04-2016) Grameenphone Go Broadband illegal(31-05-16) BTRC cancels GP-Sonali deal(24-06-16) BTRC brings allegation against audit firm(28-07-16) GPs illegal business(18-06-2015) GP ghost bills(28-06-2015) NBR seeks bank statements of Grammeenphone(04-08-2015) Telcos ride on fake ID cards(20-09-2015) Ministers vent spleen on GP service(15-10-2015) GP under ACC probe(27-11-2015) BTRC orders GP not to hinder audit process(11-02-2016) GP clarification(05-04-2016) GP, ADN, Agni submit explanation(20-04-2016) BTRC seeks explanation from GP, ADN, Agni again(30-04-2016) GP, Airtel to be fine(10-06-16) BTRC issues show cause notice on GP(14-07-16) BTRC fines GP TK 30cr(31-10-16) GP sponsorships breach rules: Telenor(15-12-16) GP has to pay Tk 30cr fine, says BTRC chief(27-12-17) GP gains, others lose revenue(24-01-17) BTRC rejects GP plea for revising Tk 30cr fine(26-01-17) BTRC directs GP to deposit fine TK 30cr in next 10 days(30-01-17) GP fined Tk 2.5 lakh for false ad(14-02-17) Auditing of GP BTRC extends deadline for third time(21-03-17) 22 GP officials sued over fraud in Ctg(30-03-17) BTRC fails to inform lawyer about steps taken(19-04-17)