Grameenphone Ltd (GP) reported a 5.6% revenue increase to Tk 42.2 billion in Q2 2024 compared to the same period last year. The company gained 2.3 million new subscribers, totaling 85.3 million, with 58.3% using internet services. Despite macroeconomic challenges, including central bank policies, energy price adjustments, increased duties, and natural disasters, GP focused on growth strategies and consistent performance. The MyGP app reached 20 million monthly active users. GP introduced AI-powered network optimization for better connectivity and emphasized partnerships supporting ESG initiatives. Subscription and traffic revenue grew by 6.4% year-over-year, and the EBITDA margin was 60.4%. This marks the thirteenth consecutive quarter of growth in both topline and EBITDA.
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