First News
Volume:7, Number:42
First News ad
First News completed 350 issues and seven years of publication on July 2. We thank our readers, contributors, patrons and well-wishers for their continued support
PERISCOPE
THIS WEEK

BTCL Records Loss of BDT3.3644 Billion

| Navid Ahmed |

Bangladesh Telecommunications Company Limited (BTCL) recorded the highest loss in the last fiscal year. The telecom company reported a loss of BDT3.3644 billion as the state-owned firm’s struggle against private mobile operators deepened. A senior BTCL official said the company is incurring a loss of about BDT300 million every month, although the government has injected enough money into the company. He went on to blame the losses on the repeated severing of its copper and optical fiber cables during development works on roads and drains. BTCL earns about BDT400 million each month but it has to spend about BDT700 million mainly to repair cables, he added. Another top official said the speed and signaling capacity of the cables decreases due to the repeated damage. Of the net loss, which is an increase of 18.02 percent from the previous year, international call transmission accounted for BDT1.1686 billion. The company’s revenue from local services declined 11 percent to BDT2.8128 billion as customers turn their backs on landlines in droves. BTCL also noted a 51.28 percent year-on-year rise in revenue to BDT15.7845 billion in fiscal 2015-16. Its revenues from international incoming calls soared 14 times to BDT5.8317 billion after the company kept its call routing rate unchanged, whereas the other international gateway operators hiked it. Last year, the other IGW operators increased the termination rate from 1.5 cents per minute to 2 cents, but BTCL kept it unchanged at 1.5 cents. The company also did well in the Internet and data business segment: it saw 60 percent revenue growth to BDT736.90 million. Currently, BTCL’s total landline connections stand at about 700,000, down from one million in June 2011. It reported net profits of more than BDT10 billion during 2002-04, after which its profits have been on the decline for every year except for fiscal 2012-13. It became a public limited company in 2008 and since then it could log in profits in only two years.

Share With:

House No. 10/22 (2nd floor), Iqbal Road, Mohammadpur, Dhaka-1207 Telephone: 88-02-9185124, 01712193344 E-mail: firstnews2010@gmail.com

© 2015 First News. All rights reserved