Grameenphone Reports 18 Million Mobile Subscribers

Bangladesh's Grameenphone has reported that during the first quarter of this year, the subscriber-base grew from 16.5 million at the end of last year to 17.8 million. The subscriber-base currently stands at over 18 million. The total revenue grew from BDT14.3 billion (US$210 million) to BDT14.9 billion (US$221 million) during the same period. The annual revenue last year stood at BDT54.4 billion (US$806 million).

CEO Anders Jensen commented: "Grameenphone is the most well-known local brand and we are reinforcing our strong local roots through this campaign," he explained. "Grameenphone will continue to help its valued customers to stay close to their loved ones and important things by providing the best voice and data services in a reliable and caring way."

The cumulative investments by the operator now stand at BDT117.4 billion (US$1.74 billion) including the largest single-year capital expenditure of BDT35.8 billion (US$530 million) last year. The Grameenphone network now has more than 10,600 Base Stations in over 6,100 locations around the country.

Grameenphone  is partly owned by Telenor (62%) and Grameen Telecom (38%).

Posted to the site on 30th April 2008