BMI View: BMI’s medium-term outlook for Bangladesh’s telecommunication sector remains bright, given growth potential in the nation’s underserved mobile market. The latest Q113 result shows evidence of a strong subscriptions rebound after negative growth in Q412 due to government’s ban on unregistered prepaid SIMs. However, we remain cautiously optimistic on data growth given repeated 3G auction delays. Internet penetration should increase in the medium term if government stays committed to internet infrastructure investment. Key Data ? Mobile subscriptions rise to 112.0mn in Q113 from 107.3mn in Q412 – a 4.3% increase – after strong marketing campaigns by operators Grameenphone and …
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