VEON’s Banglalink Ramps Up Internet Speeds in Bangladesh to Accelerate Digital Services in Rapidly Growing Economy



Amsterdam, September 26, 2022: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator providing converged connectivity and online services, announces that Banglalink, its Bangladesh operating company, is rolling out next-generation 4G networks nationwide to support high – high-quality connectivity to speed up the use of digital services. The new cellular network will roll out over the next few months and will typically double internet speeds as soon as it’s available.

92.8% of internet users in Bangladesh rely on 4G to access digital services1availability of high-speed, high-quality digital connectivity via Banglalink will benefit Bangladesh’s economic development.

“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 Kaan Terzioglu, CEO of VEON. “Banglalink’s next-generation 4G network typically doubles internet speeds and will enable superior digital services. This will help our customers in their personal and professional lives, benefit the country of Bangladesh by boosting the economy and strengthen Banglalink’s position as a leading digital communications service provider in Bangladesh.”

Banglalink’s new 4G network uses the 2.3GHz spectrum it procured when it doubled its spectrum allocation in April 2022, uses the latest Time Division Duplex (TDD) technology and will deploy 3,000 new base stations Providing a total of 14,000 locations across the country. Banglalink is the first mobile operator in Bangladesh to deploy next-generation TDD technology and the network will be systematically rolled out across the country over the next few months, launching in Khulna, Bangladesh’s third largest city. The TDD network will improve the speed and availability of digital communications across Bangladesh while providing higher connection quality for users of Banglalink’s digital health, education and entertainment services.

“Banglalink is proud to uphold VEON’s commitment to providing world-class digital services to its customers across Bangladesh,” said Erik Aas, CEO of Banglalink. “Being the first operator in Bangladesh to implement next-generation 4G demonstrates the joint efforts of VEON and Banglalink to ensure we deliver faster internet and high-quality digital experiences to our customers.”

About Banglalink
Banglalink is one of the leading providers of digital communication services in Bangladesh, working to create new opportunities for its customers as they navigate the digital world. Driven by the vision of transforming lives through technology, Banglalink also aspires to transform itself 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 connectivity provider headquartered in the Netherlands.

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About VEON
VEON is a global digital operator providing converged connectivity and online services to over 200 million customers in seven high-growth markets. We transform people’s lives, empower individuals, create opportunities for greater digital inclusion and drive economic growth in countries home to more than 8% of the world’s population. VEON is headquartered in Amsterdam and is listed on NASDAQ and Euronext.

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This press release contains “forward-looking statements” as that term 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 to, among other things, VEON’s initiatives, activities and strategies in Bangladesh. By their nature, forward-looking statements involve risks and uncertainties, many of which VEON cannot accurately predict and some of which VEON may not even anticipate. The forward-looking statements contained in this press release speak only as of the date of this press release. VEON undertakes no obligation to publicly update any forward-looking statements to reflect events or circumstances after such dates or the occurrence of unanticipated events, except as required by US federal securities laws.

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1GSMA Country Overview: Bangladesh