Summit Towers Limited, a subsidiary of Summit Group, on Thursday announced at a signing ceremony with mobile operator Banglalink that it has been awarded the contract to build two hundred and fifty nine telecom towers for the operator on buildto-suit basis, said a press release.
Together with Banglalink, STL targets to complete the project of building these 259 towers by January 2021.
STL plans to rollout throughout the country with Banglalink as well other mobile network operators by building more towers in the coming years.
Posts and telecommunications minister Mustafa Jabbar attended the event as the chief guest of the event.
On the occasion, the minister said, ‘This agreement marks the beginning of initiative taken in 2018 through the signing of the tower sharing agreement with four companies. This agreement has made it easier for the mobile network operators in this capital intensive telecom sector to expand the network as well as improve quality mobile services offered by the operators.’
He added, ‘To improve the quality of service, spectrum will soon be auctioned.’
Banglalink chairman and Veon group co-chief executive officer Sergi Herrero said that considering Bangladesh’s potential in digital services, they had been investing heavily in Banglalink’s network and digital platforms, and had witnessed good performances in recent times.
Banglalink CEO Erik Aas said, ‘I would like to thank Summit for being our partner in the endeavour to expand Banglalink’s strong network across the country. We always appreciate and welcome the regulatory initiatives that bring positive changes in the industry and benefit the customers.’
The meeting was also attended by posts and telecommunications secretary Md Afzal Hossain, Bangladesh Telecommunication Regulatory Commission director general Brigadier General Md Ehsanul Kabir, Summit Group Founder chairman Muhammed Aziz Khan, vice-chairman Farid Khan, Summit Towers managing director and CEO Md Arif al Islam, Summit Group director Fadiah Khan and Banglalink chief corporate and regulatory affairs officer Taimur Rahman, among others.
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