Economic Reporter :
Mobile phone operator Robi has posted 11.5 percent revenue growth to Taka 13.9 billion in the third quarter (Q3) this year buoyed by solid growth of data business over the previous quarter, said a press release.
But, the operator’s subscribers came down to 23.8 million, representing 20.5 percent of total market share, in this Q3 due to deactivation of non-compliant biometric registration SIM.
Besides, in quarter on quarter (QoQ), the EBITDA grew up 12.1 percent to Taka 4.5 billion resulting from strong mobile revenue growth and cost management programs.
“We’ve experienced solid mobile revenue growth during the third quarter of 2016,” said Robi Managing Director and Chief Executive Officer (CEO) Mahtab Uddin Ahmed while announcing the quarterly business update on Thursday.
After the deadline of May 31, 2016 for biometrically SIM verification, he said, deactivation of SIM “negatively impacted the growth momentum of business”.
In Q3, the profit after tax (PAT) stood at Taka 17.6 million impacted by accelerated assets depreciation from network modernization in Chittagong-Comilla (CC) region. “Nevertheless, we are continuing to invest towards expansion and modernization of 2.5G/3.5G network across the country to provide superior mobile services experience to our subscribers,” added Robi CEO.
In Q3, the operator has made Taka 2.9 billion CAPEX investment to expand 2.5G/ 3.5G network coverage nationwide.
Mobile phone operator Robi has posted 11.5 percent revenue growth to Taka 13.9 billion in the third quarter (Q3) this year buoyed by solid growth of data business over the previous quarter, said a press release.
But, the operator’s subscribers came down to 23.8 million, representing 20.5 percent of total market share, in this Q3 due to deactivation of non-compliant biometric registration SIM.
Besides, in quarter on quarter (QoQ), the EBITDA grew up 12.1 percent to Taka 4.5 billion resulting from strong mobile revenue growth and cost management programs.
“We’ve experienced solid mobile revenue growth during the third quarter of 2016,” said Robi Managing Director and Chief Executive Officer (CEO) Mahtab Uddin Ahmed while announcing the quarterly business update on Thursday.
After the deadline of May 31, 2016 for biometrically SIM verification, he said, deactivation of SIM “negatively impacted the growth momentum of business”.
In Q3, the profit after tax (PAT) stood at Taka 17.6 million impacted by accelerated assets depreciation from network modernization in Chittagong-Comilla (CC) region. “Nevertheless, we are continuing to invest towards expansion and modernization of 2.5G/3.5G network across the country to provide superior mobile services experience to our subscribers,” added Robi CEO.
In Q3, the operator has made Taka 2.9 billion CAPEX investment to expand 2.5G/ 3.5G network coverage nationwide.
