Banglalink posts 8.6% rise in 2022 Q1 revenue

Banglalink posted 8.6 percent year-on-year rise in revenue in the first quarter of 2022 on the back of strong data sales.

The revenue of Bangladesh's third largest mobile phone operator was Tk 1,242 crore in the first quarter, which was Tk 1,144 crore in the same period in 2021.

Demand for mobile data services remained strong in the quarter when data usage rose 56.3 per cent year-on-year and mobile data revenue increased 22.1 per cent year-on-year.

The number of fourth generation (4G) data user grew by 39.7 per cent in the January-March quarter, pushing the 4G user penetration to reach 34.9 per cent of Banglalink's total customer base of 38.09 million.

In 2022, Banglalink maintained the strong growth momentum gained in the earlier years, Banglalink quoted its CEO Erik Aas saying in a statement today.

"The revenue growth of 8.6 per cent year-on-year in the first quarter of 2022 clearly demonstrates our consistent performance."