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Summit Towers Limited, a subsidiary of Summit Communications Group has announced the successful acquisition of 2012 towers from Banglalink Digital Communications Limited.
Veon subsidiary Banglalink said on Wednesday it has completed the sale of part of its tower portfolio in Bangladesh to Summit Towers for BDT11 billion (US$100 million).
Amsterdam and Dhaka, 31 January 2024: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that, further to the announcement dated 15 November 2023, and the legal transfer of towers in December 2023 following the receipt of all regulatory approvals, its wholly owned subsidiary Banglalink has completed the sale of part of its tower portfolio in Bangladesh to Summit Towers Limited for a consideration of ap
Terzioğlu believes it is very important for the government and private companies to focus on accelerating growth in the telecom industry
Veon’s Bangladesh subsidiary Banglalink reached a deal to sell about one-third of its tower assets to Summit Towers for BDT11 billion ($99.2 million), using the proceeds to service its financial commitments and upgrade its digital capabilities.