VEON’s Banglalink Signs Infrastructure Sharing Agreement with Teletalk and Summit Towers
February 28 2023 - 7:31AM
Amsterdam, 28 February 2023: VEON Ltd. (NASDAQ:
VEON, Euronext Amsterdam: VEON), a global digital operator that
provides converged connectivity announced that Banglalink, its
digital operator in Bangladesh, has signed a tri-party agreement
with Teletalk and Summit Towers Ltd. for sharing telecom
infrastructure.
Under the agreement, the two operators will
share their respective telecom infrastructures with each other as
per the Tower Sharing Guidelines and all other relevant laws and
regulations. Summit Towers Ltd. will provide them with all the
technical support needed for the initiative.
“Banglalink always welcomes opportunities to
collaborate with other industry players to take the telecom
industry forward”, explains Erik Aas, Chief Executive Officer of
Banglalink. “It is a timely initiative to improve customer
experience and quality of service further, while both organizations
utilize shareable resources in an environment-friendly and
cost-efficient way.”
“We strongly believe in industry collaborations
that enable faster and more efficient delivery of services to
mobile customers as a part of our digital operator strategy” states
Kaan Terzioglu, CEO of VEON Group. “The agreement with Teletalk and
Summit takes Banglalink closer to this goal through the sharing of
network infrastructure in Bangladesh, and will benefit the mobile
customers of both operators.”
About VEON
VEON is a global digital operator that currently
provides converged connectivity and online services to over 200
million customers in seven dynamic 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.
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, the closing of the transactions
described above. 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.
There can be no assurance that the collaboration referred to above
will be successful. Elements of this press release contain or may
contain “inside information” as defined under the Market Abuse
Regulation (EU) No. 596/2014.[JT2]
Contact informationFor
VEON:Anna Ivanova-Galitsinapr@veon.com
Julian TannerJulian.tanner@tuvapartners.com
[CC1]Banglalink team to confirm if any local regulatory
approvals are still required. If not, this can be
omitted.
[JT2]Legal to customise.
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