VEON's Banglalink Sets Precedent by Discontinuing 3G in Favor of Enhanced 4G Services

On May 9, 2024, VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global digital operator with a focus on providing converged connectivity and online services, declared a significant shift in its operational strategy within Bangladesh. Banglalink, one of VEON's prominent digital operators, has officially discontinued its 3G services. This strategic move positions Banglalink as the first in the country to fully transition to 4G technologies, underscoring its commitment to improving digital connectivity.

Pioneering the 4G Revolution

Banglalink, a subsidiary of VEON Ltd., has marked a milestone in Bangladesh telecommunications history by leading the phase-out of 3G services. The company's swift pivot towards 4G underlines its dedication to offering superior and more reliable internet services to its customer base. By advancing its technological capabilities, Banglalink is poised to meet the growing digital demands of consumers and businesses alike, fostering an environment conducive to economic growth and digital innovation.

Enhancing Digital Infrastructure

As a part of its strategic focus, VEON Ltd. has been investing heavily in upgrading its network infrastructure not only in Bangladesh but across its various markets. The shift away from the outdated 3G network towards a robust 4G platform is just one component of VEON's broader objective to enhance its digital ecosystem. This transition supports the company's goal to provide high-speed internet and digital services that cater to an increasingly online global population, striving to bridge the digital divide and promote digital inclusion.

Impact on Consumers and the Market

The phase-out of 3G services by Banglalink is anticipated to bring about a myriad of benefits for consumers including better connectivity, faster internet speeds, and improved access to online services. For the market, this can translate into heightened competitiveness and innovation within the telecommunications sector. Additionally, this strategic move is likely to influence shareholder perceptions and could bode well for VEON Ltd.'s stock performance on the NASDAQ and Euronext Amsterdam stock exchanges.

VEON, Banglalink, Telecommunications