Banglalink keen to invest $1bn over next 3 years - News Summed Up

Banglalink keen to invest $1bn over next 3 years


Banglalink, the second largest mobile phone operator in Bangladesh, is willing invest $1 billion over the next 3 years. The operator since its inception has invested over $2.51 billion in Bangladesh.It has also contributed USD 2.4 billion to the national exchequer, said a press release of Banglalink. VEON, the parent company of Banglalink, is keen to position Banglalink as a leading provider of connectivity and internet opportunities. It stated that the tax burden and spectrum fees per MHz are amongst the highest compared to international benchmarks. According to the media release, Banglalink intends to sell off its tower portfolio in each of its markets as it no longer considers this asset as essential to the provision of new digital services to the subscribers.


Source: Dhaka Tribune July 13, 2017 11:03 UTC



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