VEON’s Banglalink Signs Tower Sharing Agreement in Bangladesh
03 August 2022 - 12:11PM
VEON’s Banglalink Signs Tower Sharing Agreement in Bangladesh
Amsterdam, 5 August 2022: VEON
Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital
operator that provides converged connectivity and
services, today announces that its subsidiary Banglalink has
reached an agreement with Bangladesh Telecommunications Company
Limited (BTCL) for a tower sharing initiative.
Kaan Terzioglu, CEO of VEON Group: “VEON’s
future centers around an asset-light business model that enables us
to focus on providing our customers high-quality connectivity and
world-class digital services. By reducing our direct ownership of
capex-intensive tower infrastructure, we can focus on these
high-growth digital services, delivering greater value to our
shareholders and our customers. The tower sharing agreement reached
with BTCL represents another step towards implementing this
strategy and follows similar deals in other operating
countries.
Under the agreement, BTCL will share its tower
infrastructures with Banglalink. The initiative will enhance
Banglalink’s quality of services further by supporting its 4G
expansion drive, ensuring energy-efficient operations and
optimizing the use of Bangladesh’s national resources.
“We always welcome network sharing
opportunities to serve our customers better and ensure proper
utilization of resources and infrastructures.” Erik Aas, Chief
Executive Officer, Banglalink said, “In the last year, we have
added more than 3300 4G base stations to our network; many of these
are based on shared infrastructure. We will continue to expand the
network, and our partnership with BTCL will give a fresh impetus to
this endeavor. We are looking forward to further sharing
opportunities of passive and active telecom infrastructure in the
future.”
“We are happy to enter into this partnership
with Banglalink. Since last year, we have been sharing our fibers
with Banglalink, achieving positive results for us both.” Stated
Dr. Md. Rafiqul Matin, Managing Director, BTCL. “As a country, we
have reached an impasse where infrastructure sharing can be an
effective way to tackle national and global challenges. This
initiative is an example of how two organizations can benefit from
partnering.”
About VEON VEON is a
digital operator that provides converged connectivity and digital
services to over 200 million customers. Operating across
eight countries that are home to 9% of the world’s population, VEON
is transforming lives through technology-driven services that
empower individuals and drive economic growth. Headquartered
in Amsterdam, VEON is listed on NASDAQ and Euronext.
For more information, visit: https://www.veon.com
Disclaimer
This release contains “forward-looking statements,” as the
phrase is defined in Section 27A of the U.S. Securities Act of
1933, as amended, and Section 21E of the U.S. Securities Exchange
Act of 1934, as amended. Forward-looking statements are not
historical facts, and include statements relating to, among other
things, VEON’s commercial partnerships in Bangladesh.
Forward-looking statements are inherently subject to risks and
uncertainties, many of which VEON cannot predict with accuracy and
some of which VEON might not even anticipate. The forward-looking
statements contained in this release speak only as of the date of
this release. VEON does not undertake to publicly update, except as
required by U.S. federal securities laws, any forward-looking
statement to reflect events or circumstances after such dates or to
reflect the occurrence of unanticipated events.
For further information please contact
Marina LevinaGroup Communications
DirectorMarina.levina@veon.com
Julian TannerJulian.tanner@tuvapartners.com
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