News From Telecom World

Only GP making profit in Bangladeshi Telecom Market, others just surviving: Warid CEO

Posted on: May 25, 2009

Only GrameenPhone out of the six cell-phone operators in the country is making profit, while others are just surviving, Warid Telecom chief executive officer (CEO) Muneer Farooqui said on Sunday (10 May ‘09).

“We are not even at the break even point,” he said at a press briefing at Hotel Sheraton marking the second founding anniversary of Warid Telecom in Bangladesh.

Warid CEO said they have aggressive plan and want to triple their subscriber numbers, if the environment of the country remains favorable.

He, however, mentioned that Tk 800 tax per SIM is a big challenge for the telecom sector in the country.
“Under the prevailing tight economic conditions, such taxes act as an impediment in ensuring financial viability of our company,” he said.

But Farooqui hailed the decision of the Parliamentary Standing Committee on Telecommunication Ministry for reviewing the SIM tax is like a ray of hope. “This decision, if made, will be a blessing and boon for the telecom industry in general, and Warid Telecom, in particular,” he said.

Launched in May 2007, Warid Telecom has deployed over 1700 base stations with presence in all 64 districts. The company has 2.5 million active customers as it invested US$ 600 million already and has planned to invest more.

Warid so far deposited Tk 650 crore as direct and indirect taxes to the national exchequer and provided job opportunities for some 4,000 local people through direct and indirect channels.

Source: Bangladesh Today


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