GP gets healthy revenue in past 9 months

Telecom service provider Grameenphone Limited ended the third quarter of this year with 71.4 million active subscribers, registering 11.8 per cent year on year growth.

With 36.3 million data subscribers, 50.9 per cent of the total subscribers on the Grameenphone network were using internet services, said a press release, reports UNB.

Grameenphone reported revenue of BDT 98.10 billion for the first nine months of 2018, up by 1.9 per cent from the same period last year.

"The third quarter of 2018 saw the implementation of many directives, most notably the VAT reduction on data and uniform floor tariff," said Michael Patrick Foley, CEO of Grameenphone Ltd.

He added, "We crossed 3.8 million 4G subscribers with a little over half of our total subscribers using our internet services."