Banglalink, a subsidiary of VEON Ltd. Has reached an agreement with Bangladesh Telecommunications Company Limited (BTCL) for a tower sharing initiative.
Under this agreement signed recently, BTCL will share its tower infrastructures with Banglalink. The initiative is expected to further enhance the quality of services provided by Banglalink by supporting its 4G expansion drive, ensuring energy efficient operations and optimizing the use of the countries national resources.
Erik Aas, CEO, Banglalink said, “We always welcome network sharing opportunities to serve our customers better and ensure proper utilization of resources and infrastructure.” He further informed that, “In the last year, we have added 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.”
Kaan Terzioglu, CEO of VEON Group said, “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 power 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.”
It may be noted that, VEON is a global digital operator that provides converged connectivity services and Banglalink is a subsidiary of VEON Group.
