The regulatory ban on SIM card sales caused Grameenphone’s profit to drop 12% year over year to Tk 30.1 billion in 2022, which negatively impacted the mobile phone operator’s subscriber growth for the second half of the year. On June 29, 2022, the Bangladesh Telecommunication Regulatory Commission prohibited Grameenphone from selling new SIM cards, citing the “poor quality” of the carrier’s services.
By the end of 2022, its subscriber base had decreased by 5.0% to 79.1 million according to Grameenphone’s financial report. The number of subscribers using its internet services decreased by 2.2% to 43.6 million. The company’s revenue increased by 5.1% to Tk 150.4 billion in 2022 from a year earlier, but its fourth-quarter net profit was negatively impacted by a forex loss and “bad verdict of a legacy lawsuit. Earlier in January, the Supreme Court issued an order requiring private mobile operators to pay a total of Tk 23.55 billion in various fees and value-added tax. Only Grameenphone will have to pay the Tk 11.65 billion.
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