Economic Reporter :
Mobile phone operator Robi claims it was forced to incur a loss of Taka 1.7 billion at the end of first quarter (Q1) in 2017 following the merger with Airtel.
The network integration with the Airtel has mainly rendered the loss, said the operator while revealing the quarterly financial statement on Thursday, according to a media release.
“Year 2017 started with an expectation to provide the widest mobile network coverage and superior mobile services experience to our subscribers, and we have successfully completed network integration in 12 regions covering 50 percent of Airtel subscribers,” said Robi Managing Director and CEO Mahtab Uddin Ahmed.
Robi-Airtel merger has been successfully completed in November 2016 and Robi was able to add another 2.4 million new subscribers in the Q1 to reach 36.2 million, representing 27.5 percent subscriber market share.
During the period, the company witnessed encouraging growth in both voice (Year-on-Year (YoY) +25.2 percent) and data revenue (YoY +83.0 percent) driven by the merger resulting in overall revenue growth (YoY +30.7 percent).
Mobile phone operator Robi claims it was forced to incur a loss of Taka 1.7 billion at the end of first quarter (Q1) in 2017 following the merger with Airtel.
The network integration with the Airtel has mainly rendered the loss, said the operator while revealing the quarterly financial statement on Thursday, according to a media release.
“Year 2017 started with an expectation to provide the widest mobile network coverage and superior mobile services experience to our subscribers, and we have successfully completed network integration in 12 regions covering 50 percent of Airtel subscribers,” said Robi Managing Director and CEO Mahtab Uddin Ahmed.
Robi-Airtel merger has been successfully completed in November 2016 and Robi was able to add another 2.4 million new subscribers in the Q1 to reach 36.2 million, representing 27.5 percent subscriber market share.
During the period, the company witnessed encouraging growth in both voice (Year-on-Year (YoY) +25.2 percent) and data revenue (YoY +83.0 percent) driven by the merger resulting in overall revenue growth (YoY +30.7 percent).
