Banglalink revenue up by 50pc

Revenue of Banglalink, the second largest mobile operator in the country, increased by about 50 per cent to US$28.8 million in 2008.  “We have achieved this growth by … launching innovative products,” said Naguib Sawiris, chairman and chief executive officer of Orascom Telecom Holding (OTH), parent company of Banglalink. The revenue growth was driven by the increase in subscriber base, improved network quality, and usage enhancement initiatives, according to the performance report published by OTH.The launch of new VAS offerings including music station, healthlink, SME helpline enabled in tapping new revenue streams, the report added. Banglalink achieved positive earnings before interest, taxes, depreciation and amortization (EBITDA) of $13.7 million mainly as a result of its focus on revenue enhancement and cost optimisation.

Banglalink’s subscriber base reached 10.34 million at the end of 2008, growing 46 per cent over the previous year.

Source: Financial Express