Bangladeshi mobile operator Sheba Telecom (Banglalink) has agreed a USDS280 million loan from foreign lenders in order to expand its GSM network and develop its service portfolio, according to a company source. Standard Chartered Bank (SCB) and KFW of Germany will provide the credit as the lead arrangers, through syndication with other international commercial banks and financial institution. Banglalink has placed the loan proposal to the Board of Investment (BoI) for its approval. The company expects the loan to fund network expansion across ‘almost the entire country’, and to enable it to upgrade and improve its services. The cellco, which is owned by Egypt’s Orascom Telecom, has already invested more than USD300 million in network expansion.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors