Grameenphone the largest telecom company in Bangladesh has published its Q1 (Jan-Mar) financial report for the year 2022. Revenue of the company increased by 4.4% YoY to Tk 36,335 Mn in Q1’22 from Tk 34,813 Mn in Q1’21. The growth in revenue is mainly driven by 4.6% YoY growth in subscription & traffic revenues. Profit after tax declined by 9.1% YoY in Q1’22.
4.6% YoY subscription & traffic revenue growth was mainly driven by growth in bundle & data, which was supported by spectrum, site roll-out, and enhanced market initiatives. Grameenphone continues its focus on promoting bundle services in Q1’22 to provide better customer value with an enhanced experience. The focus on bundles has paid off successfully for the telecom giant as revenue from bundle services increased by 4.6x in Q1’22 compared to the same period last year.
Average Revenue per User (ARPU) increased slightly by 0.3% YoY from Tk 143.0 in Q1’21 to Tk 143.4 in Q1’22. Average minutes per User (AMPU) continues its declining trend by declining 4.8% YoY.
Read more: Grameenphone’s Latest OVC Recalls Its Journey and Impact on the Last 25 Years
The continued rise of OTT services usage like Whatsapp, IMO, messenger, etc is driving the declining trend of AMPU.
Mobile Subscribers
Mobile subscribers of the company have grown by 3.7% YoY from 80.7 Mn in Q1’21 to 83.7 Mn in Q1’22. About 53.3% of the total subscribers are internet subscribers. Internet subscribers have grown from 41.7 Mn in Q1’21 to 44.6 Mn in Q1’22.
Data Revenue
Data revenue increased by 7.3% YoY mainly due to a 7.0% growth in internet subscribers. Internet consumption per user has increased by 78.3% YoY. MB per subscriber was 5,208 MB in Q1’22 which was 2,921 MB in Q1’21.
Future Ahead
Grameenphone’s focus on bundle packages clearly shows its intention to grow in the data segment since the usage of OTT services like WhatsApp, IMO is taking away revenue from the voice segment. The company continued its investment in this segment to give better customers a superior network experience. On 31st March 2022, Grameenphone acquired the maximum allowable 60 MHz additional spectrum in the 2,600 MHz frequency band. Hence 24.2% contribution of data on total revenue is expected to grow in the coming quarters.
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