EDOTCO Bangladesh has been awarded a multi-year leasing extension by GrameenPhone, the largest mobile operator in the country's four-MNO market.
The decision for the lease extension is aimed at supporting the operator’s network expansion efforts.
Sunil Issac, country managing director of EDOTCO Bangladesh, said: “At EDOTCO, our mission is to connect the unconnected by providing reliable and advanced connectivity solutions. This renewed partnership with Grameenphone enables us to continue building the infrastructure needed to support 4G network expansion, enabling digital access even in remote and underserved areas."
EDOTCO, which is the largest towerco in the country that owns and manages nearly 19,000 sites, sees the country's infrastructure industry continuing to develop.
Yasir Azman, CEO of Grameenphone, commented: “GP is dedicated to ensuring that our customers have access to seamless and reliable connectivity to meet their evolving digital needs. Our extended partnership with Edotco reflects our shared commitment to addressing these demands through innovative and advanced infrastructure solutions. Together, we aim to strengthen our network capabilities and provide enhanced digital experiences for our customers while contributing to Bangladesh’s progress toward becoming a digitally empowered nation.”
Earlier in Q3 2024, Telenor and the remaining stakeholders in GrameenPhone entered into an agreement with the Japanese Marubeni Corporation to buy their entire 9.5% stake in GrameenPhone. After completing the transaction, Telenor will have increased its stake in the MNO to 55.5 % from 51%. The purchase price is US$9.7 mn, valuing GrameenPhone to US$ 216mn on a 100% basis.
