TeleTalk eyes Tk 320 million in net profit in FY09

Dhaka, Bangladesh (BBN) – TeleTalk, a state-run mobile operator, has set a target to earn Tk 320 million in net profit with adding 1.80 million new customers by the end of this fiscal.

“This is not whimsical. The profit target has been set based on good calculations,” Chairman of the TeleTalk Iqbal Mahmud was quoted by The Daily Star as saying.

TeleTalk is the country’s smallest operator by subscribers with around 2.31 per cent market share. It started operations in 2005 amid high hope, but failed to compete with the five other operators due to lack of quality services and poor marketing strategy, according to the reports.

Until July 2008, the company has been able to add only 0.93 million clients in two and a half years since its entry to the market.

Meanwhile, the company’s board approved a Tk 5.73 billion for its network expansion project.

BBN/SI/SI/AD-14September08-1:33 AM

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