Business Desk :
Grameenphone Ltd reported total revenues of Tk 139.6 billion for the year of 2020, registering a 2.8% annual decline.
The company acquired 2.6 mn new subscribers during the year, having grown 3.4% from the end of the previous year. Total subscribers at the end of 2020 stood at 79.0 mn, of which 41.3 mn, or 52.2%, are using internet services.
“During the fourth quarter, we reached more than 14,000 4G sites, and witnessed a promising growth of 65.6% in 4G users, ending 2020 with 19.8 Mn customers empowered with 4G, which is a major milestone while entering 2021. Economic recovery in the fourth quarter was lower-than-expected, impacting us in a year full of unprecedented challenges amidst the Covid-19 pandemic. Through collaboration and dialogue, we have resolved several regulatory issues during this period. We have been successful in ensuring uninterrupted operations in our network and distribution value chain while expanding our network operations through our Tower Co. partner in the fourth quarter.” said Yasir Azman, CEO of Grameenphone Ltd.
“Grameenphone is reporting a year over year degrowth of 3.7% in total revenues for the fourth quarter of 2020. A solid operational performance despite economic uncertainty with strong acquisition drive led to 1.4 mn new subscribers in the fourth quarter. Net profit after tax for the period stood at Tk 10.3 Bn with 29.7% margin. In 2020, data revenue increased by 14.0% while data usage grew by 60.6% compared to the previous year.” said Jens Becker, CFO of Grameenphone Ltd.
Grameenphone Ltd reported total revenues of Tk 139.6 billion for the year of 2020, registering a 2.8% annual decline.
The company acquired 2.6 mn new subscribers during the year, having grown 3.4% from the end of the previous year. Total subscribers at the end of 2020 stood at 79.0 mn, of which 41.3 mn, or 52.2%, are using internet services.
“During the fourth quarter, we reached more than 14,000 4G sites, and witnessed a promising growth of 65.6% in 4G users, ending 2020 with 19.8 Mn customers empowered with 4G, which is a major milestone while entering 2021. Economic recovery in the fourth quarter was lower-than-expected, impacting us in a year full of unprecedented challenges amidst the Covid-19 pandemic. Through collaboration and dialogue, we have resolved several regulatory issues during this period. We have been successful in ensuring uninterrupted operations in our network and distribution value chain while expanding our network operations through our Tower Co. partner in the fourth quarter.” said Yasir Azman, CEO of Grameenphone Ltd.
“Grameenphone is reporting a year over year degrowth of 3.7% in total revenues for the fourth quarter of 2020. A solid operational performance despite economic uncertainty with strong acquisition drive led to 1.4 mn new subscribers in the fourth quarter. Net profit after tax for the period stood at Tk 10.3 Bn with 29.7% margin. In 2020, data revenue increased by 14.0% while data usage grew by 60.6% compared to the previous year.” said Jens Becker, CFO of Grameenphone Ltd.
