Banglalink has witnessed 3.7% total revenue growth supported by 26.8% data revenue growth in 2019.
This was revealed in a statement issued by VEON, the parent company of the telecom network operator, on Saturday.
Banglalink posted Tk4,530 crore in total revenue last year, compared to Tk4,370 crore in 2018.
The company also posted Tk1,880 crore in earnings before interest, taxes, depreciation and amortisation, a 22.3% growth from 2018.
Banglalink has also reported good results in the fourth quarter of last year and continued to deliver year-on-year service revenue growth for the fifth consecutive quarter in a growing market.
The company's total revenue in the fourth quarter of last year was Tk1,110 crore, compared to Tk1,100 crore in the corresponding period of 2018. This is a year-on-year growth of 1.2%
Banglalink achieved this goal despite intense competition in the market and a challenging regulatory environment. The company continued to focus on acquiring customers in the fourth quarter of 2019.
Its customer base grew by 4% year-on-year, while data customers increased by 9.7% as a result of simplified product offers and improved network availability.
In a statement, Banglalink Chief Executive Officer Erik Aas said, "Banglalink’s 3.7% total revenue growth and 26.8% data revenue growth in 2019 compared to those of the preceding year are reflective of the significant turnaround we made in 2019 as an active digital player in the market by expanding our 4G network and enhancing our service-quality.
"During the year, we also progressed in terms of acquiring new customers by registering a 4.0% YoY growth in our customer-base, which is supported by a 9.7% YoY data customers growth. Throughout the year, we remained focused on ensuring improved digital experience for our customers through introducing innovative digital products and bringing more digital platforms."
Erik added that the telecom company is confident of keeping the momentum going and expecting that its endeavours to provide customers with quality services will be supported by a few crucial regulatory moves, such as the required measures according to Significant Market Power directives and the proper implementation of Tower Sharing Licensing Guidelines.