VEON's Banglalink Signs Infrastructure Sharing Agreement with Teletalk and Summit Towers By Investing.com

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VEON's Banglalink Signs Infrastructure Sharing Agreement with Teletalk and Summit Towers

Published Feb 28, 2023 07:34

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VEON (NASDAQ:VEON) Ltd. (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.”

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