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Grameenphone Company

Paper type: Essay
Pages: 2 (327 words)
Categories: Company,Technology
Downloads: 26
Views: 1

By the end of 2019, Grameenphone had completed its more than 23 years of its journey and had made a huge impact on the telecommunication industry of Bangladesh. At the end of quarter 3 of 2019 it has ended up with 162.6 million subscribers nationally as reported by the regulatory system. At the same time, mobile data users grew 7.4% to 98.1 million subscribers. Due to particularly challenging times the network roll-out slowed down and had reduced the offering of new products and campaign.

Despite of this situation they continued to add pre-approved sites resulting in 9300 4G sites in Bangladesh.

It was recognized as the fastest network in Bangladesh and received the Ookla Speedtest Award’ for the second consecutive year. They reached 11 million subscribers on 4G network alongside offered competitive product offers and 4G SIM replacement offers. They also had improved network downtime during bad weathers by replacing old batteries with new iron batteries over more than 2500 sites. It had also experienced increase competitiveness due to change in supplementary duty and sim tax moving to 200 takas and due to this they had to revise their entire product portfolio.

99.5% of the total population is covered by Grameenphone’s network, while 69% of the total population is under 4G network.

Grameenphone ltd had a total revenue of 107.5 billion for the first 9 month of 2019 which is 9.5% of growth from the same period last year and by the end of 2019 it stands on 143.7 billion. Net Profit After Taxes(NPAT) of BDT 34.5 billion with 24.0% (NPAT) margin and BDT 25.56 earning per share(EPS). BDT 85.1 billion payment to the national exchequer; equalling 59.2% of total revenue, in the form of taxes, VAT, duties, fees, 4G license and spectrum assignment. The Board of Directors of Grameenphone Ltd. have recommended 13.00 BDT dividend per share for the full year 2019 based on the decision taken at the Board Meeting held on 27 January 2020.

Cite this essay

Grameenphone Company. (2020, May 25). Retrieved from https://studymoose.com/grameenphone-company-essay

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