Banglalink ends Q1 with 10.836Mn subscribers (Bangladesh)

www.WirelessFederation.com/news: Banglalink, the Bangladeshi mobile operator has posted a subscriber base of 10.836 million at March’09-end, up from 10.337 million in December 2008 and 8.311 million in March 2008. As a result, Banglalink’s market share was 23.9% in Q1, increasing from 23.2% in Q4. Revenues rose to BDT 5.8 billion from BDT 4.8 billion in the year-earlier period, while EBITDA grew to USD 21 million from USD 422,000, driven by solid revenue growth and decrease in subscriber acquisition costs.
The EBITDA margin for Q1 was 25%. In Q1, ARPU fell to BDT 172.5 from BDT 175 in Q4, while MOU increased to 278 from 256.