VEON Doubles Spectrum Holding in Bangladesh

Amsterdam, 1st April 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides mobile connectivity and services, today announces that Banglalink has acquired new spectrum, doubling the companys spectrum holding in Bangladesh. At the auction, held in Dhaka and organized by the Bangladesh Telecommunication Regulatory Commission (BTRC), Banglalink acquired 40 MHz of spectrum from the 2300 MHz band, ensuring that Banglalink retains its position as the top private operator in Bangladesh in terms of spectrum per customer.

Bangladesh is a fast-growing economy with endless opportunities, said Kaan Terzio lu, group CEO, VEON. There is an increasing demand for extended digital services, especially from the younger generation, and in Bangladesh, 10-24 year olds make up 27% of the population1. VEON operates in nine countries and investing in key regions such as this is an important part of our Digital Operator strategy. This allows us to support people's needs with the very best digital services across the world.

The additional spectrum available to Banglalinks network will be instrumental in providing almost 38 million Banglalink customers2 with even better access to financial and entertainment services via mobile internet. Banglalink has already been recognized by Ookla as the fastest mobile network in the country for the last two years.

Erik Aas, Chief Executive Officer, Banglalink, said, We congratulate the BTRC for successfully conducting the spectrum auction. It is an important step for the industry, as the availability of more spectrum will result in better internet speed and high quality digital services for the citizens of Bangladesh. In keeping with our objective - 4G for all, not 5G for a few, we intend to utilize the new spectrum primarily for 4G in next 2-3 years.

Banglalink also recently announced its plan to build 3,000 new towers this year. It will remain committed to maintaining high-quality data and digital services and ensuring nationwide 4G coverage.

1 Source: https://www.unfpa.org/data/world-population-dashboard

2 http://www.btrc.gov.bd/site/page/0ae188ae-146e-465c-8ed8-d76b7947b5dd/-

LINK:	https://www.veon.com/media/media-releases/2022/veon-doubles-spectrum-h...
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