VEON and Summit Complete USD 100m Deal for Bangladesh Towers Portfolio
With this transaction, Summit Towers Limited, a subsidiary of Summit Communications Group, the largest Telecommunications Infrastructure Company in Bangladesh, took ownership of 2,012 Banglalink towers.
- With this transaction, Summit Towers Limited, a subsidiary of Summit Communications Group, the largest Telecommunications Infrastructure Company in Bangladesh, took ownership of 2,012 Banglalink towers.
- “This sale marks an important milestone for us, as we continue to successfully execute our strategy to transform VEON into an asset-light digital operator.
- Acquiring the ownership of the towers in this deal adds to our portfolio of 4,500 towers in the Bangladesh market.
- In line with VEON Group’s asset-light strategy, VEON and Banglalink will continue to evaluate and pursue collaborative opportunities related to Banglalink's remaining tower portfolio.