VEON announced that its subsidiary Banglalink has reached an agreement with Bangladesh Telecommunications Company (BTCL) for a tower sharing initiative.
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.
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.
Erik Aas, Chief Executive Officer, Banglalink
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.
