Banglalink’s data revenue sees over 30% growth despite challenges | The Business Standard
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • TBS Graduates
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Long Read
    • Interviews
    • Offbeat
    • Tech
    • Magazine
  • বাংলা
The Business Standard

Monday
October 02, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • TBS Graduates
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Long Read
    • Interviews
    • Offbeat
    • Tech
    • Magazine
  • বাংলা
MONDAY, OCTOBER 02, 2023
Banglalink’s data revenue sees over 30% growth despite challenges

Telecom

Eyamin Sajid
06 August, 2020, 09:25 pm
Last modified: 06 August, 2020, 10:54 pm

Related News

  • Exports up 3.8% in August riding on RMG
  • Banglalink announces BiP messenger exclusive partnership in Bangladesh
  • Banglalink relaunches MyBL as the first telco super app in Bangladesh 
  • Banglalink launches 'MyBL Stream and Win Campaign'
  • Banglalink maintains strong growth in Q1, backed by superior network, innovative digital services

Banglalink’s data revenue sees over 30% growth despite challenges

Yet the operator’s total revenue in the second quarter fell by 3.9 percent year-on-year to Tk11.1 billion

Eyamin Sajid
06 August, 2020, 09:25 pm
Last modified: 06 August, 2020, 10:54 pm

Despite the impacts of Covid-19 and tax hikes, the country's third largest mobile operator Banglalink registered a 30.3 percent year-on-year growth in data revenue in the second quarter of 2020. 

The operator also registered a 3.3 percent year-on-year growth in data customers during the period, according to the second quarter report published on Thursday. 

Yet the operator's total revenue in the second quarter fell by 3.9 percent year-on-year to Tk11.1 billion.

Banglalink, however, registered less revenue fall compared to the market leader Grameenphone, which saw an 8.2 percent year-on-year revenue fall in the second quarter.  

VEON Ltd, a Netherlands-based Global Telecom Holding and partner organisation of Banglalink, claimed that the operator maintained a solid business momentum during the quarter as it continued monetising its investments in 4G capacity and focusing on selected digital services.

The report says its enhanced 4G network was a significant enabler of the 79.2 percent year-on-year increase in data usage recorded in the quarter, supported by the accelerated 4G penetration. 

Given lockdown restrictions on customer movement until the end of May and continued health safety concerns, Banglalink actively promoted the use of digital channels to facilitate top-ups, account management and adoption of additional services. 

As a consequence, the user base of the Banglalink self-care app increased by 58 percent during the second quarter of 2020 compared to that in the first quarter of 2020, while Banglalink's video streaming app "Toffee" saw a 62 percent rise in user numbers. 

In line with the broader industry trend, Banglalink experienced a decline in its total subscriber base during the second quarter of 2020, which fell by 2.5 percent year-on-year despite a continued focus on customer acquisition. 

Earnings before interest, taxes, depreciation and amortisation decreased marginally by 0.1 percent year-on-year during the time, mainly due to lower revenue and higher technology costs which were partially offset by the absence of lower operating expenses and the negative impact of tax changes. 

Capital expenditure, excluding licences, was Tk1.9 billion, reflecting a front-loading of network investments to support 4G expansion. At the end of the second quarter, its 3G network population coverage was approximately 74 percent while 4G population coverage was 52 percent. 

Banglalink was recently recognised as the fastest mobile network in Bangladesh during the first half of 2020.

Bangladesh / Top News

Banglalink / growth

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo: Collected
    LPG price hiked by Tk6.58 per kg, 12kg cylinder to cost Tk1,363
  • Katalin Kariko and Drew Weissman win the 2023 Nobel Prize in Physiology or Medicine at the Karolinska Institute in Stockholm, Sweden October 2, 2023. TT News Agency/via REUTERS
    Hungarian and US scientists win medicine Nobel for Covid-19 vaccine work
  • File photo of Awami League General Secretary and Road Transport and Bridges Minister Obaidul Quader
    No evil force can hinder upcoming elections: Quader

MOST VIEWED

  • Paperfly aborts flight
    Paperfly aborts flight
  • Photo: TBS
    Habibur Rahman takes charge as 36th DMP commissioner
  • US dollar banknotes are seen in this illustration taken on 10 March 2023. Photo: Reuters
    Remittance earnings in September lowest in 41 months
  • How China's Belt and Road changing Bangladesh's  infrastructures
    How China's Belt and Road changing Bangladesh's infrastructures
  • Some banks get more remittance. Is it for extra efforts, or higher dollar rates?
    Some banks get more remittance. Is it for extra efforts, or higher dollar rates?
  • Representational image. Photo: Masum Billah
    Exporting mango trees to Dubai: Bangladeshi farmers tap into afforestation programmes in Gulf countries

Related News

  • Exports up 3.8% in August riding on RMG
  • Banglalink announces BiP messenger exclusive partnership in Bangladesh
  • Banglalink relaunches MyBL as the first telco super app in Bangladesh 
  • Banglalink launches 'MyBL Stream and Win Campaign'
  • Banglalink maintains strong growth in Q1, backed by superior network, innovative digital services

Features

Photo: Collected

Simply Khulna: When food packs a punch

2h | Food
Photo: Collected

Where did hamburgers come from?

2h | Food
Shahjahan Bhuiyan’s parents and two out of his three siblings passed away when he was behind bars. He missed all the funerals.  
Photo: Nayem Ali

Hangman Shahjahan Bhuiyan: Life after 60 executions and 44 years in prison

7h | Panorama
Illustration: Collected

Apology to a life forgotten to live

21h | Features

More Videos from TBS

Remittances fall to lowest in 41 months, export growth also declining

Remittances fall to lowest in 41 months, export growth also declining

1h | TBS Economy
How much time do you spend on mobile apps?

How much time do you spend on mobile apps?

4h | Tech Talk
Everything about the ICC Cricket World Cup 2023 stadiums: Part 1

Everything about the ICC Cricket World Cup 2023 stadiums: Part 1

18h | TBS SPORTS
Apple is bringing new software updates to prevent overheating

Apple is bringing new software updates to prevent overheating

20h | Tech Talk
EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]