Grameenphone braves tough times | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Saturday
May 31, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SATURDAY, MAY 31, 2025
Grameenphone braves tough times

Stocks

Mahfuz Ullah Babu
20 October, 2022, 09:20 pm
Last modified: 22 October, 2022, 05:30 pm

Related News

  • Grameenphone celebrates brand partners at GPStar Partnership 2024
  • Grameenphone and Shukhee partner to expand digital healthcare access
  • Grameenphone and PalmPay launch cardless EMI for smartphones
  • Recognition for GP’s inclusive sign language service
  • Animal abuse outrages citizens: Grameenphone condemns incident allegedly involving employee

Grameenphone braves tough times

Mahfuz Ullah Babu
20 October, 2022, 09:20 pm
Last modified: 22 October, 2022, 05:30 pm

Infographic: TBS
Infographic: TBS

Defying a decline in subscriber base amidst regulatory issues and macroeconomic pressure, Grameenphone (GP) Ltd has secured revenue growth for the sixth consecutive quarter that alongside some other factors helped the company offset the rising costs in business and post a decent growth in profits too.

However, the shareholders of the largest publicly traded company are in pain as they barely have been able to sell any shares stuck on the floor price for a month.

GP, also the largest telecom operator in the country, has lost 29 lakh or 3.4% of its subscribers in the three months through September as it was unable to add new customers due to the regulatory ban on its new connection sales.

At the end of June this year, the Bangladesh Telecommunication Regulatory Commission (BTRC) imposed a ban on GP's new connection selling citing the insufficient quality of its services. The ban is still persisting, while the regulator in the middle of September allowed GP to sell the unused and suspended connections.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Existing customers, however, used GP's voice call and mobile internet services more which helped the company secure 6.7% growth in its total revenue in the July-September quarter, compared to the 1.8% revenue growth a year ago.

"Grameenphone's growth momentum continued in the third quarter driven by strong market execution aided by higher revenue and usage in the midst of several external challenges," GP Chief Executive Officer (CEO) Yasir Azman said in a statement.

The company continued investment in its network rollout and spectrum deployment to meet the demand for high-speed internet connectivity and improve customer experience, leading to over 19,000 4G sites.

"As a result, our customers continue to choose Grameenphone as their preferred communications partner, leading to 52.1% higher data usage from last year and 15.9% year-on-year growth in 4G users that reached 3.2 crore," said the CEO.

GP's revenue grew to Tk3,865 crore in the July-September quarter, and to Tk11,287 crore for the first nine months of the year.

"We are also facing a tense macroeconomic climate in Bangladesh driven by higher inflation, rising energy prices, and austerity measures by the government to curb energy usage," Yasir Azman explained the factors that made business tougher in recent months.

The GP quarterly financial statement also reflected it as its costs for material and traffic charges, operations and maintenance, sales and marketing and finances soared, compared to that in the same period of last year.

However, the company offset some of that by reducing its total salaries and personnel costs by more than one-fourth.

Grameenphone shares having a face value of Tk10 each have been unchanged at the floor price of Tk286.6 in the Dhaka Stock Exchange since 22 August.

Top News

Grameenphone

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Infograph: TBS
    Tax exemptions for key industries to go, sweeping tax hikes planned
  • Chief Adviser Muhammad Yunus meets Japanese Prime Minister Ishiba Shigeru in Japan on 30 May 2025. Photo: CA Office
    Bangladesh, Japan to sign Economic Partnership Agreement by year-end
  • File photo of BNP BNP Standing Committee Member Amir Khasru Mahmud Chowdhury
    Speaking about country’s problems in foreign trips won’t solve them: Khasru takes jibe at Yunus

MOST VIEWED

  • BAT Bangladesh has to vacate Mohakhali HQ as SC rejects lease appeal
    BAT Bangladesh has to vacate Mohakhali HQ as SC rejects lease appeal
  • Bangladesh Chief Adviser Muhammad Yunus speaks to Nikkei Asia in Tokyo on 29 May. Photo: Nikkei Asia
    Bangladesh ready to buy more US cotton, oil to reduce trade gap: Yunus
  • Bangladesh targets global trade alignment with sweeping tariff changes
    Bangladesh targets global trade alignment with sweeping tariff changes
  • Matarbari 1,200MW coal-fired plant in Moheshkhali, Cox's Bazar. File Photo: Nupa Alam/TBS
    Supplier slapped with 5 conditions to unload rejected Matarbari coal shipment
  • US Embassy Dhaka. Picture: Courtesy
    Birth tourism not permitted on US visitor visa: US Embassy Dhaka
  • Six banks fail to pay dividends for 2024
    Six banks fail to pay dividends for 2024

Related News

  • Grameenphone celebrates brand partners at GPStar Partnership 2024
  • Grameenphone and Shukhee partner to expand digital healthcare access
  • Grameenphone and PalmPay launch cardless EMI for smartphones
  • Recognition for GP’s inclusive sign language service
  • Animal abuse outrages citizens: Grameenphone condemns incident allegedly involving employee

Features

Babar Ali, Ikramul Hasan Shakil, and Wasfia Nazreen are leading a bold resurgence in Bangladeshi mountaineering, scaling eight-thousanders like Everest, Annapurna I, and K2. Photos: Collected

Back to 8000 metres: How Bangladesh’s mountaineers emerged from a decade-long pause

13h | Panorama
Photos: Courtesy

Behind the looks: Bangladeshi designers shaping celebrity fashion

15h | Mode
Photo collage of the sailors and their catch. Photos: Shahid Sarkar

Between sky and sea: The thrilling life afloat on a fishing ship

20h | Features
For hundreds of small fishermen living near this delicate area, sustainable fishing is a necessity for their survival. Photo: Syed Zakir Hossain

World Ocean Day: Bangladesh’s ‘Silent Island’ provides a fisheries model for the future

1d | The Big Picture

More Videos from TBS

Six Lakh Sacrificial Animals Ready in Sirajganj for Eid-ul-Adha

Six Lakh Sacrificial Animals Ready in Sirajganj for Eid-ul-Adha

10h | TBS Stories
Six MoUs signed during Chief Advisor's visit to Japan

Six MoUs signed during Chief Advisor's visit to Japan

14h | TBS Today
Record migrant deaths in 2024

Record migrant deaths in 2024

1d | Podcast
Govt likely to trim subsidies in new budget

Govt likely to trim subsidies in new budget

17h | TBS Insight
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net