0RO7 Veon Ltd

The unified licence consolidates current licences and provides the groundwork for upcoming technologies

Amsterdam and Dhaka, 18 March 2024: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that Banglalink, its leading innovative digital service provider in Bangladesh, has received a unified licence from the Bangladesh Telecommunication Regulatory Commission (BTRC).

The newly issued licence combines existing authorisations to use 2G, 3G, and 4G standards, making Banglalink’s licences technology-agnostic across these three generations, and can also be used for the rollout of future technologies. By consolidating the existing licences, it simplifies and streamlines licence renewal to a single process. The unified licence also facilitates the active sharing of infrastructure resources between operators, provides clearer guidelines on data retention, offers more clarity regarding the audit period, and rationalizes various fees and charges.

“The unified licence frees up capacity for Banglalink to deliver superior digital services, enhance connectivity to its customers and streamline the user experience that it provides. We commend the Government of Bangladesh for their progressive approach in supporting our industry’s contributions to the country’s digitalization” said Kaan Terzioglu, Group CEO of VEON.

“This is an important milestone in Banglalink’s quest to pioneer innovative digital services through our nationwide network coverage, liberating crucial resources for us to focus on providing a superior customer experience. These changes will positively impact Banglalink’s adoption of advanced technologies and help us support the Smart Bangladesh vision” said Erik Aas, CEO of Banglalink.

“As we award Banglalink the unified licence, we step closer to our goal of a streamlined telecom sector for a Smart Bangladesh. We appreciate Banglalink's dedication to fulfilling corporate governance standards and their role in shaping a digitally advanced future, focusing on connectivity and innovation” said Engineer Md Mohiuddin Ahmed, Chairman of the BTRC.

Erik Aas, Chief Executive Officer of Banglalink, received the unified licence from Engineer Md Mohiuddin Ahmed, Chairman of the BTRC in Dhaka on 14 March 2024.

About VEON
VEON is a digital operator that provides converged connectivity and digital services to nearly 160 million customers.  Operating across six countries that are home to more than 7% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth.  Headquartered in Amsterdam, VEON is listed on NASDAQ and Euronext.
For more information visit: https://www.veon.com.

Disclaimer 
This release contains “forward-looking statements,” as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, VEON’s commercial and investment plans. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events.

Contact Information
VEON 
Hande Asik
Group Director of Communication 
pr@veon.com

TUVA Partners
Julian Tanner
julian.tanner@tuvapartners.com

Attachment

• Banglalink Licence

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