Rising star Robi’s sunny outlook: shiny new loan worth a few bob

11 Aug 2010

Axiata Bangladesh, which operates cellular services under the brand name Robi (meaning ‘sun’), has negotiated a USD100 million Chinese bank loan for purchasing equipment to expand its mobile network, reports Bangla paper the Financial Express. Bangladesh’s Central Bank, which approved the loan, said the lender will charge below 5% interest, and Robi’s head of communication Mohiuddin Babar told the Express that the funds would be ploughed into upgrading and expanding infrastructure across the country. The GSM operator, owned by Axiata of Malaysia and Japan’s NTT DoCoMo, swapped its old brand ‘AKTEL’ for Robi at the end of March this year.

Bangladesh, Robi Axiata,

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