{"id":688577,"date":"2022-09-26T01:06:26","date_gmt":"2022-09-26T05:06:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/veons-banglalink-ramps-up-internet-speeds-in-bangladesh-to-accelerate-digital-services-in-rapidly-growing-economy\/"},"modified":"2022-09-26T01:06:26","modified_gmt":"2022-09-26T05:06:26","slug":"veons-banglalink-ramps-up-internet-speeds-in-bangladesh-to-accelerate-digital-services-in-rapidly-growing-economy","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/veons-banglalink-ramps-up-internet-speeds-in-bangladesh-to-accelerate-digital-services-in-rapidly-growing-economy\/","title":{"rendered":"VEON\u2019s Banglalink Ramps Up Internet Speeds in Bangladesh to Accelerate Digital Services in Rapidly Growing Economy"},"content":{"rendered":"
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\n Amsterdam, 26 September 2022<\/strong>: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that Banglalink, its operating company in Bangladesh, is launching next generation 4G networks nationwide across Bangladesh to provide high-quality connectivity to accelerate the use of digital services. The new mobile network is being rolled out over the next few months and will typically double internet speeds once available.\u00a0 <\/p>\n

With 92.8% of internet users in Bangladesh relying on 4G to access digital services1<\/sup>, the availability of high-speed, high-quality digital connectivity through Banglalink will benefit the economic development of Bangladesh. <\/p>\n

\u201cBangladesh is one of the world\u2019s fastest-growing economies and needs a fast high-quality network to support its rapid economic development,\u201d says Kaan Terzioglu, CEO of VEON. \u201cBanglalink\u2019s next generation 4G network typically doubles internet speeds and will enable superior digital services.\u00a0 This will help our customers in their personal and professional lives, benefit the country of Bangladesh by boosting the economy, and reinforce Banglalink\u2019s position as the leading digital communications services provider in Bangladesh.\u201d<\/p>\n

The new Banglalink 4G network uses the 2.3 GHz spectrum it procured when it doubled its spectrum allocation in April 2022, employs the latest Time Division Duplex (TDD) technology, and has involved the deployment of 3,000 new base stations to provide a total of 14,000 sites across the country.\u00a0 Banglalink is the first mobile operator in Bangladesh to deploy the next-generation TDD technology, and the network is being systematically rolled out across the country over the next few months and is being launched in Khulna, Bangladesh\u2019s third largest city.\u00a0 The TDD network will improve the speed and availability of digital communications across Bangladesh while providing higher connection quality for users of Banglalink\u2019s health, education, and entertainment digital services.<\/p>\n

\u201cBanglalink is proud to uphold the VEON commitment of providing first-rate digital services to its customers across Bangladesh,\u201d states Erik Aas, CEO of Banglalink. \u201cBeing the first Bangladeshi operator to implement next generation 4G demonstrates the shared aspirations of VEON and Banglalink to ensure we provide customers with faster internet and quality digital experiences.\u201d <\/p>\n

\n About Banglalink<\/strong>
\n
Banglalink is one of the leading digital communications service providers in Bangladesh, working to unlock new opportunities for its customers as they navigate the digital world. Driven by the vision of transforming lives through technology, Banglalink also strives to transform into a future-ready service provider capable of catering to the demands of the new digital era. It is a subsidiary of VEON Ltd – a Nasdaq and Euronext listed connectivity provider headquartered in the Netherlands. <\/p>\n

For more information, visit: www.banglalink.net<\/u><\/a><\/p>\n

\n About VEON<\/strong>
\n
VEON is a global digital operator that provides converged connectivity and online services to over 200 million customers in seven high-growth markets.\u00a0We are transforming people\u2019s 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\u2019s population.\u00a0 Headquartered in Amsterdam, VEON is listed on\u00a0NASDAQ and Euronext.<\/p>\n

For more information, visit:\u202fhttps:\/\/www.veon.com<\/u><\/a><\/p>\n

\n Disclaimer<\/strong>
\n
This release contains \u201cforward-looking statements,\u201d 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\u2019s initiatives, operations and strategy in Bangladesh. 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.<\/p>\n

\n Contact Information<\/strong>\n <\/p>\n