Kay & Que inks A2P aggregator deal with GP to expand digital services footprint
Despite the announcement, Kay & Que’s share price fell 1.35% to close at Tk387.10 on the day, reflecting cautious investor sentiment amid broader market volatility
Kay & Que (Bangladesh) Limited has signed an Application-to-Person (A2P) aggregator agreement with Grameenphone, in a move that strengthens the company's push into digital services and deepens its role in the country's telecom value chain.
Under the agreement, signed within the licensing framework of the Bangladesh Telecommunication Regulatory Commission (BTRC), Kay & Que will act as an aggregator for the country's largest mobile operator, enabling enterprises and service providers to send bulk and transactional SMS to Grameenphone subscribers through its platform.
The company disclosed the price-sensitive information on the Dhaka Stock Exchange (DSE) website today (11 January), saying the deal is expected to contribute positively to its business operations and revenue.
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Despite the announcement, Kay & Que's share price fell 1.35% to close at Tk387.10 on the day, reflecting cautious investor sentiment amid broader market volatility.
The deal with Grameenphone is the latest in a series of similar agreements the company has signed with mobile operators in recent weeks. On 28 December, Kay & Que entered into an A2P aggregator agreement with Robi Axiata. Before that, it signed separate agreements with Teletalk Bangladesh on 11 December and Banglalink on 8 December.
These partnerships follow the company's receipt of the A2P SMS Aggregator Enlistment Certificate from the BTRC on 29 September, which cleared the way for its formal entry into the regulated A2P messaging business.
Alongside its digital expansion, Kay & Que is also diversifying its traditional operations. The company recently informed the market that retail sales of liquefied petroleum gas (LPG) at its Dakshinpara Dhamrail unit began on 2 September 2025, a move expected to add a new stream of revenue.
Kay & Que, long known for its CNG refuelling stations and stone trading business, has gone through a major transformation since its merger with IT firm MultiSourcing Limited in July 2023.
The merger followed years of struggle in legacy businesses such as carbon rods, coal tar and pesticides, which were eventually shut down due to supply constraints, weak demand and persistent losses.
Recognising the need for a strategic shift, the company decided in February 2022 to refocus on its core CNG operations while building a technology-driven business model through the IT merger.
The shift has begun to show in its financial results. The company reported earnings per share (EPS) of Tk2.73 for the July-September 2025 quarter, up from Tk1.15 in the same period a year earlier.
For the full year ended 30 June 2025, Kay & Que posted EPS of Tk9.49, a sharp rise from Tk0.67 the year before, driven by higher turnover and improved profitability.
