Going Asset-Light: VEON and Summit Reach USD 100m Deal for Partial Sale of Bangladesh Towers Portfolio
The deal includes a long-term service partnership with Summit Towers.
- The deal includes a long-term service partnership with Summit Towers.
- Upon closing of the deal, more than 2,000 towers – about one-third of Banglalink’s towers portfolio – will be transferred to Summit Towers, a company majority-owned by Summit Communications Group, a leading Bangladeshi infrastructure group.
- “This strategic deal is a prelude to greater cooperation between Banglalink and Summit, the largest integrated telecommunications infrastructure company in Bangladesh.
- We look forward to continuing to work together,” said Muhammad Farid Khan, Chairman of Summit Communications Limited and Summit Towers Limited.