News From Telecom World

Banglalink posts 19 percent revenue rise

Posted on: November 19, 2008

The country’s second largest mobile phone operator Banglalink posted a 19 percent revenue increase in third quarter compared to the previous quarter, thanks to its lower subsidy given to new connections.

According to the company’s financial report posted on its owning company Orascom Telecom Holding’s website, Banglalink’s revenue increased to $75,875,000 in the three months to September from $63,619,000 by the end of June 2008.

“Subsidy reduction in per connection and campaigns to activate old connection mainly backed the revenue increase in the three-month period,” said a high official of the operator.

However, in terms of group performance, profit of Orascom Telecom Holding SAE declined by 70 percent in the first nine months to September 2008 compared to the same period a year earlier.

Up to September, Orascom’s net income dropped to $345.3 million, or $1.80 a share, from $1.3 billion, or $5.96 a share, from a year earlier. Third quarter profit was $69.4 million, the company said without giving a comparison, according to a Bloomberg report.

During July to September, Banglalink also achieved a positive EBITDA (earnings before interest, taxes, depreciation and amortisation). The company’s EBITDA deficit was $11,974,000 by the end of June, which increased to $2,835,000 by the end of third quarter.

Commenting on the recent performance, CEO of Banglalink Rashid Khan said: “The resolve of Banglalink to create the best value proposition for its customers will continue in the years to come. Our infrastructure and network enhancement plans along with the resulting growth are a testament to this resolve.”

Source: Daily Star


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