Amsterdam, September 26, 2022: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), the global digital operator providing converged connectivity and online services, has announced that Banglalink, its operating company in Bangladesh, is launching the next generation of 4G networks nationwide across Bangladesh to provide high-quality connectivity To speed up the use of digital services. The new mobile network is rolling out over the next few months and will typically double internet speeds as soon as it becomes available.
With 92.8% of Bangladeshi internet users relying on 4G to access digital services1The availability of high-speed, high-quality digital communication through Banglalink will benefit the economic development of Bangladesh.
“Bangladesh is one of the fastest growing economies in the world and needs a fast, high-quality network to support its rapid economic development,” says Kan Trzioglu, CEO of VEON. Banglalink’s 4G network usually doubles internet speeds and will enable superior digital services. This will help our customers in their personal and professional lives, benefit the nation of Bangladesh by boosting the economy, and cement Banglalink’s position as the leading provider of digital communication services in Bangladesh. “
The new Banglalink 4G network uses the 2.3GHz spectrum it purchased when it doubled its spectrum allocation in April 2022, employs the latest Time Division Duplex (TDD) technology, and involves deploying 3,000 new base stations to provide a total of 14,000 locations across the country. Banglalink is the first mobile operator in Bangladesh to deploy the next generation of TDD technology, the network is being systematically rolled out across the country over the next few months and will be launched in Khulna, the third largest city in Bangladesh. The TDD network will improve the speed and availability of digital communications across Bangladesh while providing higher communication quality to users of Banglalink’s digital health, education and entertainment services.
“Banglalink is proud to support VEON’s commitment to providing first-class digital services to its customers across Bangladesh,” said Eric As, CEO of Banglalink. “Being the first Bangladeshi operator to implement the next generation of 4G demonstrates the shared aspirations of VEON and Banglalink to ensure that customers are provided with faster internet and higher quality digital experiences.”
Banglalink is one of the leading digital communication service providers in Bangladesh, working to open up new opportunities for its customers while they are on the move in the digital world. Driven by the vision of transforming lives through technology, Banglalink is also striving to transform into a future ready service provider capable of meeting the demands of the new digital age. It is a subsidiary of VEON Ltd – a NASDAQ and Euronext listed communication provider headquartered in the Netherlands.
For more information visit: www.banglalink.net
VEON is a global digital operator providing converged connectivity and online services to more than 200 million customers in seven high-growth markets. We are transforming 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. VEON is headquartered in Amsterdam and is listed on NASDAQ and Euronext.
For more information visit:https://www.veon.com
This release contains “forward-looking statements,” as the phrase is defined in Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating, among other things, to VEON’s initiatives, operations and strategy in Bangladesh. Forward-looking statements are inherently subject to risks and uncertainties, some of which VEON cannot predict accurately and some of which VEON may not anticipate. The forward-looking statements in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by US federal securities laws, any forward-looking statement that reflects events or circumstances after these dates or reflects the occurrence of unforeseen events.
- Group Communications Manager