Robi added 9.1 million new subscribers in 2017, raising its total base to 42.9 million. The company said it had earned Tk 68.3 billion in revenue, a year-on-year increase of 29.7 percent due to its ‘successful merger’ with Airtel. But Tk 24 billion in investment to expand its 2G and 3.5G networks and Tk 28.9 billion in payment to the government resulted in losses, it said. “The exorbitantly high taxation regime is putting further strain on the financial results of the smaller players,” it added. Robi Managing Director Mahtab Uddin Ahmed said: “Robi is on its way to becoming the number 1 network of Bangladesh.

Source: bd News24 February 22, 2018 11:15 UTC