Banglalink

Going Asset-Light: VEON and Summit Reach USD 100m Deal for Partial Sale of Bangladesh Towers Portfolio

Retrieved on: 
Wednesday, November 15, 2023

The deal includes a long-term service partnership with Summit Towers.

Key Points: 
  • 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.

VEON’s Banglalink Announces Strategic Partnership with Digital Communication platform BiP in Bangladesh

Retrieved on: 
Tuesday, August 22, 2023

Dhaka, 22 August 2023: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that Banglalink, its wholly owned subsidiary, has launched BiP as an exclusive offering in Bangladesh, forming a strategic partnership with BiP Messenger.

Key Points: 
  • Dhaka, 22 August 2023: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that Banglalink, its wholly owned subsidiary, has launched BiP as an exclusive offering in Bangladesh, forming a strategic partnership with BiP Messenger.
  • With this collaboration, VEON’s Banglalink will stand as the exclusive partner and sole entity responsible for nationwide co-branding, co-marketing, and co-promotion of BiP services in Bangladesh.
  • Erik Aas, CEO, Banglalink, said, “At Banglalink, we are focused on expanding our digital services to meet the dynamic needs of our customers.
  • Partnering with a prominent digital operator like Banglalink aligns with this global strategy and together, we are working to enhance BiP's presence in Bangladesh.”

Stepping up the Fintech Ambition in Bangladesh, VEON and Banglalink Apply for a Digital Banking License

Retrieved on: 
Thursday, August 17, 2023

Banglalink, a leading mobile operator and provider of digital services to more than 42 million subscribers in Bangladesh, has a proven track record of developing digital services that enable digital inclusion in areas such as digital health, education and entertainment.

Key Points: 
  • Banglalink, a leading mobile operator and provider of digital services to more than 42 million subscribers in Bangladesh, has a proven track record of developing digital services that enable digital inclusion in areas such as digital health, education and entertainment.
  • If granted, a digital banking license will accelerate Banglalink’s expansion into the fintech space, adding digital financial services to its Digital Operator offering in Bangladesh, leveraging VEON’s know-how in this area.
  • "Banglalink's ambitions for digital banking underscore VEON’s commitment to digital empowerment, which is a core pillar of VEON's Digital Operator strategy, deployed across all our markets.
  • The total number of monthly users of VEON’s operating companies’ digital services amounted to 77.6 million in July 2023, spanning areas including financial services, digital entertainment (TV, music, gaming, and more), digital health, digital learning, business-to-business solutions and industrial applications.

VEON publishes 2Q23 trading update

Retrieved on: 
Thursday, August 3, 2023

In 2Q23, Group EBITDA decreased by 10.6% YoY in reported currency terms (+13.6% in local currency), with Group EBITDA margin of 45.3% (-3.2 p.p.

Key Points: 
  • In 2Q23, Group EBITDA decreased by 10.6% YoY in reported currency terms (+13.6% in local currency), with Group EBITDA margin of 45.3% (-3.2 p.p.
  • In 2Q23, Group capex was USD 171.4 million (-16.6% YoY) with capex intensity in for the last twelve months of 19.6% (-1.2p.p.
  • VEON publishes audited financial statements for year ended 31 December 2022.
  • According to the terms of the VEON Bonds, the registrar is required to cancel the VEON Bonds purchased by a subsidiary of VEON and surrendered to the registrar for cancellation.

VEON publishes 1Q23 trading update

Retrieved on: 
Thursday, May 4, 2023

In 1Q23, Group EBITDA decreased by 13.5% YoY in reported currency terms (+11.2% in local currency), with Group EBITDA margin of 43.6% (-2.5 p.p.

Key Points: 
  • In 1Q23, Group EBITDA decreased by 13.5% YoY in reported currency terms (+11.2% in local currency), with Group EBITDA margin of 43.6% (-2.5 p.p.
  • YoY).
  • On 26 April 2023, VEON announced that it has incorporated a dedicated AdTech company, wholly owned by the VEON Group, to offer digital marketing services supporting VEON Group companies in addressing the growing digital advertising opportunity in VEON markets.
  • With its headquarters in Tashkent, Uzbekistan, VEON AdTech will work with VEON’s digital operators and support the VEON Group in providing highly targeted digital marketing services based on machine-learning algorithms, building on VEON companies’ proximity to their customers.

VEON’s Banglalink Signs Infrastructure Sharing Agreement with Teletalk and Summit Towers

Retrieved on: 
Tuesday, February 28, 2023

Amsterdam, 28 February 2023: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity announced that Banglalink, its digital operator in Bangladesh, has signed a tri-party agreement with Teletalk and Summit Towers Ltd. for sharing telecom infrastructure.

Key Points: 
  • Amsterdam, 28 February 2023: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity announced that Banglalink, its digital operator in Bangladesh, has signed a tri-party agreement with Teletalk and Summit Towers Ltd. for sharing telecom infrastructure.
  • Under the agreement, the two operators will share their respective telecom infrastructures with each other as per the Tower Sharing Guidelines and all other relevant laws and regulations.
  • “Banglalink always welcomes opportunities to collaborate with other industry players to take the telecom industry forward”, explains Erik Aas, Chief Executive Officer of Banglalink.
  • “The agreement with Teletalk and Summit takes Banglalink closer to this goal through the sharing of network infrastructure in Bangladesh, and will benefit the mobile customers of both operators.”

Banglalink’s Toffee Scores One Billion Views with FIFA World Cup

Retrieved on: 
Monday, December 19, 2022

Amsterdam, 19 December 2022: VEON Ltd. (NASDAQ and Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that its Banglalink’s Toffee streaming service hit a new milestone with around one billion views of the FIFA World Cup and 15.5 million unique viewers for the World Cup Finals.

Key Points: 
  • Amsterdam, 19 December 2022: VEON Ltd. (NASDAQ and Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that its Banglalink’s Toffee streaming service hit a new milestone with around one billion views of the FIFA World Cup and 15.5 million unique viewers for the World Cup Finals.
  • “The 2022 FIFA World cup has seen streaming on mobile go mainstream as a means to watch global sporting events,” states Kaan Terzioglu, CEO of VEON Group and Chairman of the Board of Banglalink.
  • “The investment in high-speed telecoms across Bangladesh has enabled the Toffee Streaming Service to reach 15.5 million unique viewers during the World Cup Finals.
  • We wholeheartedly thank all the viewers, partners, and advertisers who made Toffee’s World Cup campaign a success with their responses and support.

Bangladeshi Football Fans to Enjoy FIFA World Cup Qatar 2022™ on Toffee

Retrieved on: 
Monday, November 21, 2022

Dhaka, 21 of November 2022: Football fans in Bangladesh will be able to enjoy watching FIFA World Cup Qatar 2022 which starts on Nov 20 via Banglalinks Toffee Entertainment Platform.

Key Points: 
  • Dhaka, 21 of November 2022: Football fans in Bangladesh will be able to enjoy watching FIFA World Cup Qatar 2022 which starts on Nov 20 via Banglalinks Toffee Entertainment Platform.
  • This is the first time in the history of Bangladesh, that football fans can watch their much-loved sport from a mobile device wherever they are in the country.
  • Since 1954 and until 2022, only traditional TV companies held broadcasting rights for football In Bangladesh.
  • The supporters of the game will be able to enjoy several services and engagement through Toffee.

Letter from VEON CEO to stakeholders

Retrieved on: 
Friday, October 14, 2022

In addition, you will likely have seen that today VEON Ltd. invited holders of VEON Holdings B.V.s 2023 Notes to contact VEON Ltd. with a view to shortly commencing discussions in relation to the 2023 Notes.

Key Points: 
  • In addition, you will likely have seen that today VEON Ltd. invited holders of VEON Holdings B.V.s 2023 Notes to contact VEON Ltd. with a view to shortly commencing discussions in relation to the 2023 Notes.
  • Over the past seven months VEON Group has successfully strengthened its HQ liquidity position, and this will remain a key priority going forward.
  • In addition to population increases, International Monetary Fund forecasts show continued GDP growth across all the Asian economies where VEON OpCos are present.
  • Should you have any questions on the topics covered in this letter, or other matters related to VEON Group, please do contact our IR team via [email protected].