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The Financial Express

GP posts 1.8pc growth in Q3 revenue

| Updated: October 25, 2021 09:13:44


GP posts 1.8pc growth in Q3 revenue

Grameenphone Ltd reported total revenues of Tk 36.21 billion (3,621 crore) for the third quarter of 2021, registering a 1.8 per cent growth from the same period last year.

Having acquired 1.6 million (16 lakh) new subscribers, the operator ended the period with 83.6 million (8.36 crore) subscribers, a 7.7 per cent growth year on year, said a press release.

Of them, 46.1 million (4.61 crore) subscribers, or 55.1 per cent of total subscribers, are using internet services.

"Grameenphone rema-ins committed to meeting customers' demand for high-speed internet connectivity and improving customer experience, continuing with network rollout and spectrum deployment in the third quarter," said Yasir Azman, CEO of Grameenphone Ltd. During the third quarter of 2021, Grameenphone invested Tk 1.92 billion (192 crore) for network coverage.

Grameenphone's total number of sites stands at 18,023.

The company has paid Tk 79.2 billion (7,920 crore) equaling 74.2 per cent of its total revenues, to the national exchequer in the form of taxes, VAT, duties, fees, 4G license and spectrum assignment in the first nine months of 2021.

Grameenphone, part of the Telenor Group, is a leading telecommunications service provider in Bangladesh.

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