Summit and Banglalink Join Hands in BDT 11 Billion Tower Deal

Summit and Banglalink Join Hands in BDT 11 Billion Tower Deal

Dhaka, 15th November 2023

Summit Towers Limited, a subsidiary of Summit Communications Group, the largest Telecommunications Infrastructure Company in Bangladesh has signed a deal with Banglalink. As part of the deal, Summit Towers will purchase 2000+ towers from Banglalink, making it one of the largest tower operators in Bangladesh, providing long-term tower services to Banglalink leveraging its expertise and efficiency.

Summit Communications Group and Banglalink have a long-standing partnership which spans over a decade. Summit has taken the lead in Bangladesh by teaming up with Banglalink to fully embrace the Tower Sharing Guidelines. This collaboration optimizes infrastructure and resources in line with the government's directive.

This acquisition will further enhance Summit Towers’ strength to facilitate Mobile Operators’ network to provide their customers with true 4G experience and prepare for 5G. It will also allow Summit Communications Group to provide integrated telecommunications infrastructure services to its clients and customers bundling fiber, tower and in the near future submarine cable facilities as well.

This deal is significant for Banglalink, as Summit Towers not only facilitates a considerable reduction in network deployment and maintenance costs but also elevates service quality and promotes environmental sustainability. By leveraging Summit's expertise, Banglalink can streamline its focus on core strengths, marking a pivotal step in advancing its telecommunications landscape.

Muhammad Farid Khan, Chairman of Summit Communications Limited and Summit Towers Limited, said, “This strategic deal is a prelude to a greater cooperation between Banglalink and Summit, the largest integrated telecommunications infrastructure company in Bangladesh. The future is ours to grow together; and with support from VEON, we believe that our collaboration will go beyond the boundaries of Bangladesh into the global arena, setting an example in the region. We look forward to continuing to work together.”

Md. Arif Al Islam , Managing Director and CEO, Summit Communications Limited and Summit Towers Limited, said, “With this strategic deal in place, Summit Towers has established itself as a notable tower operator in the market with a tower size of around 4,500 towers within its first 5 years of operation. We always adopt world-class technology and spirited energetic team to provide best in class quality services to satisfy our customers and we aspire to strengthen this relationship further.”

Fadiah Khan, Executive Director, Summit Communications Limited and Director, Summit Towers Limited, said, “This monumental deal is part of SComm Group’s overall strategy to provide environmentally friendly, affordable and best quality internet/data experience to our clients and their customers. We are pleased to extend our partnership with Banglalink together with Veon and we look forward to reaching greater heights together.

Kaan Terzioglu, Group CEO of VEON, said, “Across our markets, VEON operators are transforming into asset-light digital operators. Today’s agreement marks a milestone, ensuring efficient use of resources not only for Banglalink but also for Bangladesh as a whole. This deal will enable us to focus on our core business as the leading digital operator of the country and continue addressing the unmet demand in entertainment, education, healthcare and financial services.”

Erik Aas, CEO of Banglalink, said, “Banglalink has been successfully transforming into a nationwide digital operator, with internationally recognized high-quality 4G connectivity and leading digital services such as Toffee and MyBL. Our partnership with Summit Towers enables us to focus our resources on our digital offerings, bridging the digital divide for all and providing outstanding customer experience to the people of Bangladesh.”

Summit and Banglalink Join Hands in BDT 11 Billion Tower Deal

About Summit Communications Group
Summit Communications Group (SComm Group) is a group of companies headquartered in Bangladesh operating and maintaining 53,000km fiber optic network, 4500 towers and serving 35% of Bangladesh’s internet demand while building the country’s first private submarine cable. SComm Group provides telecommunications infrastructure across all 64 districts and 495 upazillas of Bangladesh maintaining an average uptime of 99.9% with state-of-the-art network topology and design.

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.

About Banglalink
With a customer base exceeding 40 million users, Banglalink serves Bangladesh with innovative products and services. Having successfully transformed itself into a nationwide digital operator, Banglalink is recognized globally for its high-quality 4G connectivity and cutting-edge digital services, further contributing to the goal of bridging the digital divide for all.