Summit celebrates acquisition of 2,000+ towers from Banglalink

 
Summit Towers Limited, a subsidiary of Summit Communications Group, the largest Telecommunications Infrastructure Company in Bangladesh, has announced the successful acquisition of 2012 towers from Banglalink Digital Communications Limited.

The transaction, valued at Tk1,100 crore, solidifies Summit’s position as a key player in the telecommunications infrastructure sector, according to a press release.

The acquisition was completed with the transfer of Tk1,100 crore to Banglalink, cementing the partnership between the two entities. This acquisition marks a significant advancement for Summit Towers, empowering mobile operators to enrich their network services for customers by delivering a seamless 4G experience and preparing for the impending 5G revolution.

Moreover, it positions Summit Communications Group to offer comprehensive telecommunications infrastructure services, integrating fiber, tower, and soon, submarine cable facilities, to cater to the evolving needs of its clients and customers.

This partnership marks a major milestone for Banglalink, as Summit Towers offers more than just cost savings in network deployment and maintenance.
It also enhances service quality and promotes environmental sustainability.  To celebrate this significant occasion, Summit Communications Group hosted an event titled "Celebrating Synergy" on Monday at the Ruposhi Bangla grand ballroom of Hotel Intercontinental Dhaka.

The event was attended by Zunaid Ahmed Palak MP, State Minister of Posts, Telecommunications and Information Technology as chief guest, Md Shamsul Arefin, secretary, ICT Division, BTRC Chairman Engr Md Mohiuddin Ahmed as special guest, and Muhammed Aziz Khan, founder chairman of Summit Group of Companies as honored guest.

On behalf of Summit Communications, Muhammad Farid Khan, managing director and CEO, Md Arif Al Islam and executive director Fadiah Khan were present to celebrate this achievement.

Kaan Terzioglu, Group CEO of VEON, Erik Aas, CEO of Banglalink, along with other high officials from Banglalink, also participated in the event, further emphasizing the collaborative spirit between the two companies.