Grameenphone, the Bangladeshi mobile operator, experienced a slow growth of 63,000 subscribers in Q1'09, taking the company's total subscriber base to 21.057 million, at March-end. Telenor, the parent company, has blamed the slower growth to rise in price of starter kits imposed last year. The number of subscribers is up by 2 million since Q1'08, showing a 6% growth in quarterly revenues in local currency. While usage and interconnect revenues grew, ARPU dropped by 13% driven by price erosion.
The EBITDA margin grew to 59.3% compared to 47.3% last year mainly due to higher revenue combined with lower subscription acquisition costs. Capex dropped in line with traffic, to NOK 281 million from NOK 433 million a year ago.
Source: Wireless Federation.