Robi Axiata, Bangladesh’s second-largest telecom operator, reported a 154% year-on-year profit increase in Q1 FY24, driven by revenue growth and reduced forex losses. The company’s focus on expanding its 4G network and digital services has significantly contributed to this growth, aligning with its strategic vision for digital transformation.
ZTE collaborates with Banglalink to upgrade its 4G network in Bangladesh, enhancing coverage and capacity. The partnership aligns with Banglalink’s focus on customer experience and supports the government’s “Smart Bangladesh” vision. Banglalink aims to maintain its status as Ookla’s fastest data network, while ZTE commits to optimizing user experiences.
Axentec, Robi Axiata’s subsidiary, debuts Cypher, Bangladesh’s inaugural certified Tier-IV Co-Location Data Centre. With 16,500 sq ft coverage, 2N redundancy, and advanced security, Cypher ensures 99.995% uptime, pioneering digital reliability in Bangladesh’s tech landscape. CEO Md Adil Hossain Noble hails Cypher as pivotal for Bangladesh’s digital future.
Robi Axiata’s new subsidiary, Axentec PLC, has officially started its operations, offering innovative digital solutions and services. Axentec, emerging from Robi’s ICT arm Reddot Digital, is set to provide a wide range of IT solutions, including cloud services, AI, data analytics, cyber security, and IoT, focusing on the corporate and SME sectors. This strategic move positions Axentec as a key player in the digital solutions market, both in Bangladesh and globally.
Banglalink reports a 15.1% revenue growth in Q3 2023, marking its sixth consecutive quarter of double-digit growth. The telecom company has strengthened its digital services with the success of its entertainment platform Toffee and super app MyBL, and expanded 4G connectivity across Bangladesh.
Veon subsidiary Banglalink has agreed to sell around a third of its tower portfolio in Bangladesh to Summit Towers for $100 million. This strategic move, involving the transfer of over 2,000 towers, aligns with Veon’s shift towards a digital operator model and will help Banglalink focus on digital services expansion.
Banglalink, Bangladesh’s third-largest mobile operator, is postponing its IPO launch due to current market conditions, including political uncertainties and underperformance of telecom stocks. The company, optimistic about a 2024 IPO, has also explored partnerships with digital banks and recently initiated a national roaming field trial with Teletalk. Challenges include non-implementation of SMP restrictions and unfeasible regulations for SIM-locked handsets.
Banglalink and Teletalk have initiated a national roaming field trial in Bangladesh, enabling their customers to access each other’s network coverage for the first time. This innovative collaboration aims to enhance mobile connectivity and promote network sharing between the operators, with a focus on seamless transition between networks in areas with coverage gaps. Once the field trial is completed, customers will enjoy expanded, seamless national coverage for all services. This initiative aligns with energy conservation and green infrastructure development and is already available in 22 countries worldwide.
