VEON’s Banglalink Ramps Up Internet Speeds in Bangladesh to Accelerate Digital Services in Rapidly Growing Economy
26 September 2022 - 7:00AM
VEON’s Banglalink Ramps Up Internet Speeds in Bangladesh to
Accelerate Digital Services in Rapidly Growing Economy
Amsterdam, 26 September 2022: VEON Ltd.
(NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator
that provides converged connectivity and online services, announces
that Banglalink, its operating company in Bangladesh, is launching
next generation 4G networks nationwide across Bangladesh to provide
high-quality connectivity to accelerate the use of digital
services. The new mobile network is being rolled out over the next
few months and will typically double internet speeds once
available.
With 92.8% of internet users in Bangladesh relying on 4G to
access digital services1, the availability of high-speed,
high-quality digital connectivity through Banglalink will benefit
the economic development of Bangladesh.
“Bangladesh is one of the world’s fastest-growing economies and
needs a fast high-quality network to support its rapid economic
development,” says Kaan Terzioglu, CEO of VEON. “Banglalink’s next
generation 4G network typically doubles internet speeds and will
enable superior digital services. This will help our
customers in their personal and professional lives, benefit the
country of Bangladesh by boosting the economy, and reinforce
Banglalink’s position as the leading digital communications
services provider in Bangladesh.”
The new Banglalink 4G network uses the 2.3 GHz spectrum it
procured when it doubled its spectrum allocation in April 2022,
employs the latest Time Division Duplex (TDD) technology, and has
involved the deployment of 3,000 new base stations to provide a
total of 14,000 sites across the country. Banglalink is the
first mobile operator in Bangladesh to deploy the next-generation
TDD technology, and the network is being systematically rolled out
across the country over the next few months and is being launched
in Khulna, Bangladesh’s third largest city. The TDD network
will improve the speed and availability of digital communications
across Bangladesh while providing higher connection quality for
users of Banglalink’s health, education, and entertainment digital
services.
“Banglalink is proud to uphold the VEON commitment of providing
first-rate digital services to its customers across Bangladesh,”
states Erik Aas, CEO of Banglalink. “Being the first Bangladeshi
operator to implement next generation 4G demonstrates the shared
aspirations of VEON and Banglalink to ensure we provide customers
with faster internet and quality digital experiences.”
About BanglalinkBanglalink is one of the
leading digital communications service providers in Bangladesh,
working to unlock new opportunities for its customers as they
navigate the digital world. Driven by the vision of transforming
lives through technology, Banglalink also strives to transform into
a future-ready service provider capable of catering to the demands
of the new digital era. It is a subsidiary of VEON Ltd - a Nasdaq
and Euronext listed connectivity provider headquartered in the
Netherlands.
For more information, visit: www.banglalink.net
About VEONVEON is a global digital operator
that provides converged connectivity and online services to over
200 million customers in seven high-growth markets. We are
transforming people’s lives, empowering individuals, creating
opportunities for greater digital inclusion and driving economic
growth across countries that are home to more than 8% of the
world’s population. Headquartered in Amsterdam, VEON is
listed on NASDAQ and Euronext.
For more information, visit: https://www.veon.com
DisclaimerThis 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 initiatives,
operations and strategy 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.
Contact Information
- Group Communications
Director
Marina LevinaPR@veon.com
Julian.tanner@tuvapartners.com
1 GSMA Country Overview: Bangladesh
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