• Saturday, Oct 23, 2021
  • Last Update : 08:22 pm

2020 was nothing to write home about for Banglalink

  • Published at 12:34 am February 19th, 2021
Banglalink

Banglalink's revenue grew 0.7 per cent in 2020

Banglalink, once the country’s most-spirited mobile operator, failed to claw back the ground it lost over the years in 2020.

The country’s third largest mobile operator logged in a revenue of Tk 4,560 crore for 2020, up 0.7 per cent year-on-year, in a year when the mobile operators came of age.

While the technology played its part in keeping Bangladesh moving amid the pandemic, the mobile companies had a vital role to play in facilitating the transition of everyday activities being doneremotely.

Starting from work to commerce, everything was done over the phone amid the two-and-a-half-month-long countrywide shutdown announced on March 26 to slow the spread of coronavirus.

For those who had no fixed internet connection, mobile internet was a Godsend for them.

Banglalink’s parent company, the Amsterdam-based VEON, does not disclose the profit figures in its financial report; only the revenue earned is shared.

In 2020, Grameenphone, the country’s largest mobile operator, saw its revenue decline 2.8 per cent, while Robi, the industry’s number two player, saw its revenue grow 1.1 per cent.

Banglalink’s slight revenue growth was more than what Veon’s subsidiaries in Russia, Algeria, Uzbekistan managed, which all saw de-growth. Veon’s subsidiary in Pakistan Jazz managed a 0.8 per cent growth.

“We maintained a satisfactory performance in 2020,” said Erik Aas, chief executive officer of Banglalink, in a press release.

During the year, the operator added on 33,000 new subscribers to take its tally to 3.5 crore, according to data from the Bangladesh Telecommunication Regulatory Authority.

Despite the surging data demand throughout the year, the carrier could serve its customers because of proper utilisation of our spectrum, introduction of innovative digital services and other technological advancements, he said.

Banglalink has been awarded Ookla’s Fastest Mobile Network in Bangladesh based on Ookla® Speedtest® Awards for the second half of 2020. Previously, Banglalink won the same award for the first half of 2020.  

"That being said, we still believe that we can perform even better if the much-needed level playing field in the industry is ensured through the implementation of more stringent significant market power regulations," Aas added. 

Between October and December last year, its revenue grew 2.4 per cent to Tk 1,140 crore, but the amount brought in by mobile data use was up 22.8 per cent.

Data usage during the period shot up 55.3 per cent to 2.4 GB per user.

The average revenue per user (ARPU) of the operator increased 3.5 per cent to Tk 112 in 2020.

Banglalink continued to promote the use of digital channels to facilitate top-ups, account management and the adoption of additional services, the VEON report also said.

As a result, the user base of Banglalink’s self-care app increased20 per cent during the fourth quarter of 2020, while their video streaming app, Toffee, gained 2.3 million monthly active users since its launch a year ago, it added.

57
Facebook 53
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail