Banglalink Gets Unified Licence to Deliver Superior Digital Services in Bangladesh
18 Mars 2024 - 8:30AM
The unified licence consolidates current licences
and provides the groundwork for upcoming technologies
Amsterdam and Dhaka, 18 March
2024: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam:
VEON), a global digital operator that provides converged
connectivity and online services, announces that Banglalink, its
leading innovative digital service provider in Bangladesh, has
received a unified licence from the Bangladesh Telecommunication
Regulatory Commission (BTRC).
The newly issued licence combines existing
authorisations to use 2G, 3G, and 4G standards, making Banglalink’s
licences technology-agnostic across these three generations, and
can also be used for the rollout of future technologies. By
consolidating the existing licences, it simplifies and streamlines
licence renewal to a single process. The unified licence also
facilitates the active sharing of infrastructure resources between
operators, provides clearer guidelines on data retention, offers
more clarity regarding the audit period, and rationalizes various
fees and charges.
“The unified licence frees up capacity for
Banglalink to deliver superior digital services, enhance
connectivity to its customers and streamline the user experience
that it provides. We commend the Government of Bangladesh for their
progressive approach in supporting our industry’s contributions to
the country’s digitalization” said Kaan Terzioglu, Group CEO of
VEON.
“This is an important milestone in Banglalink’s
quest to pioneer innovative digital services through our nationwide
network coverage, liberating crucial resources for us to focus on
providing a superior customer experience. These changes will
positively impact Banglalink’s adoption of advanced technologies
and help us support the Smart Bangladesh vision” said Erik Aas, CEO
of Banglalink.
“As we award Banglalink the unified licence, we
step closer to our goal of a streamlined telecom sector for a Smart
Bangladesh. We appreciate Banglalink's dedication to fulfilling
corporate governance standards and their role in shaping a
digitally advanced future, focusing on connectivity and innovation”
said Engineer Md Mohiuddin Ahmed, Chairman of the BTRC.
Erik Aas, Chief Executive Officer of Banglalink,
received the unified licence from Engineer Md Mohiuddin Ahmed,
Chairman of the BTRC in Dhaka on 14 March 2024.
About VEON VEON is a digital operator that
provides converged connectivity and digital services to nearly 160
million customers. Operating across six countries that are
home to more than 7% of the world’s population, VEON is
transforming lives through technology-driven services that empower
individuals and drive economic growth. 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, VEON’s commercial and
investment plans. 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.
Contact Information VEON Hande Asik Group
Director of Communication pr@veon.com
TUVA PartnersJulian Tannerjulian.tanner@tuvapartners.com
VEON (NASDAQ:VEON)
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