Banglalink clocks 17.7% revenue growth in Q1

Banglalink's revenue rose 17.7 per cent year-on-year to Tk 1,462 crore in the first quarter of 2023, on the back of data revenue.

Service revenue grew 18 per cent in January-March, maintaining its double-digit growth for four consecutive quarters. Data revenue was up 35 per cent, according to the financial reports published today by Banglalink's parent company VEON.

Banglalink also reached a significant milestone by raising the number of its subscribers to four crore, said the mobile phone operator in a press release today.

Erik Aas, chief executive officer of Banglalink, said, "Banglalink, as a digital operator, got off to a strong start this year with continued double-digit growth."

"One of the key factors to this consistent success is our digital operator strategy, aimed at creating a new digital ecosystem with the introduction of innovative digital services."

"Our transformation to a national operator also played a role in maintaining the growth momentum. Millions of customers from all over the country are now choosing Banglalink as their preferred operator because of our improved 4G network availability and diverse digital services portfolio."