Second Quarter 2024: Grameenphone Continued growth
Grameenphone Ltd. reported a total revenue of BDT 42.2 billion for the second quarter of 2024, registering a growth of 5.6% from the same period last year. The Company acquired 2.3 Mn new subscribers, reaching 85.3 Mn total subscribers at the end of the second quarter. 58.3% of Grameenphone’s total subscribers, or 49.7Mn, are using internet services.
“The macroeconomic headwinds that have been prevalent since last year exacerbated due to central banks' continued tightening policies, calibration of energy prices while reducing subsidies, increase of supplementary duties and the effects of natural disasters such as cyclones and flood. Despite these challenges, we remained focused on our growth strategies and showed stability in our performance by delivering consistent growth in topline and ...