Grameenphone

Grameenphone booked revenue gains in Q1 on higher data usage while its bottom-line fell due to elevated capex.

Bangladesh-based Grameenphone recorded a seventh consecutive quarter of year-on-year revenue growth in Q4 2022 despite its subscriber base being diminished by a government ban on SIM sales, as it continued to invest heavily in its data network.

Bangladesh-based Grameenphone recorded profit growth in Q3 and an increase in ARPU, despite a decline in subscribers caused by a ban on SIM sales.

The Bangladesh Telecommunication Regulatory Commission (BTRC) penalised the four major mobile operators in the nation a total of BDT76. 5 million ($823,566) for hosting illegal VoIP services on SIM cards, The Daily Star reported.

Bangladesh-based Grameenphone recorded positive growth momentum in revenue and subscribers in Q1, which it credited to network investment and modernisation initiatives. In a statement, CEO Yasir Azman noted it continued to prioritise network and spectrum rollouts.

Operators in Bangladesh spent around BDT106. 4 billion ($1. 2 billion) to secure spectrum in the 2. 3GHz and 2. 6GHz bands as they seek to improve existing 4G services and prepare the way for 5G networks.

Bangladesh-based Grameenphone highlighted mobile revenue and data growth in Q4 2021, as its wider LTE network coverage attracted new subscribers. In an earnings release, CEO Yasir Azman noted its increased capex led to 4G population coverage expanding by 5.