Tech and Teen
  • Technology
  • Teen
  • Entertainment
  • Sports
  • Politics
  • Business
  • World
  • Multimedia
  • IT HOT
  • Blog
  • Technology
  • Business
  • Sports
  • Entertainments

Tech and Teen

  • Technology
  • Teen
  • Entertainment
  • Sports
  • Politics
  • Business
  • World
  • Multimedia
  • IT HOT
  • Blog

Banglalink secures BDT 12,000 million syndicated term loan

by Tech and Teen April 28, 2022April 27, 2022
written by Tech and Teen April 28, 2022April 27, 2022
Banglalink secures BDT 12,000 million syndicated term loan

Banglalink has signed an agreement with 17 renowned banks in the country to secure a 5-year syndicated term loan of BDT 12,000 million (approximately USD 135 million). Eastern Bank Ltd. supported Banglalink in this endeavor as the Mandated Lead Arranger, Book Runner & Agent of the loan. Erik Aas, Chief Executive Officer, Banglalink signed the agreement on behalf of the organization with the top executives of the respective banks. Mohd. Humayun Kabir, Executive Director, Bangladesh Bank attended the signing ceremony as the Special Guest along with Muhammad A Rumee Ali, Member of Banglalink’s Board of Directors. Also present at the ceremony were Ali Reza Iftekhar, Managing Director & CEO, Eastern Bank Ltd, Cem Velipasaoglu, Chief Financial Officer, Banglalink, Taimur Rahman, Chief Corporate & Regulatory Affairs Officer, Banglalink, and other senior officials of respective banks and Banglalink.

The funds borrowed under this loan agreement will be utilized in Banglalink’s capital expenditure, spectrum acquisition, and its 4G network modernization across the country. Banglalink has recently increased its total spectrum holding to 80 MHz, which will underpin its position as the fastest 4G network in Bangladesh, and its nationwide expansion drive. It has declared its plan to establish more than 3,000 new base stations this year. Along with boosting network capacity, Banglalink has expanded its digital service portfolio in recent times by launching the country’s first digital health aggregator platform ‘Health Hub’, and a digital services marketplace ‘Applink’.

Erik Aas, Chief Executive Officer, Banglalink said, “The significant investment that we are set to make, is yet another testament to our firm commitment to the Bangladesh market. We are happy to have the country’s leading banks as our partners for our future growth. I am confident that our network expansion will accelerate our journey towards the target of double-digit growth and will make us more equipped to contribute towards the digital progress of Bangladesh.”
Ali Reza Iftekhar, Managing Director & CEO, Eastern Bank Ltd. said, “EBL has been in the forefront of financing and facilitating the development of digital solutions in the country. I would like to express my thanks to all the participating lenders for their tremendous support in the timely closure of this deal.”
Cem Velipasaoglu, Chief Financial Officer, Banglalink commented, “This funding arrangement is a significant milestone for Banglalink as this will facilitate to unlock many opportunities for the company. We are pleased to see the commitment of Bangladesh’s leading banks towards Banglalink’s progress.”
Banglalink will remain committed to ensuring seamless connectivity and state-of-the-art digital facilities for its customers.

Banglalink
0 comment
0
FacebookTwitterGoogle +PinterestLinkedinWhatsapp
previous post
Sweden-Bangladesh collaboration sought by BASIS President
next post
Meta shares ways to connect and take action on Earth Day

related posts

Dhamakashopping and DRRA commits to stand up for...

April 22, 2021

V23 5G, is the latest hype in the...

January 24, 2022

Micromax Canvas A1 in Bangladesh at 10,000

August 1, 2018

Exciting offers on Samsung televisions to make celebrations...

April 26, 2022

Bangladesh’s ‘Team EcoRangers’ Makes NASA Global Finalists List

November 21, 2024

Sundar Pichai`s latest Interview

July 30, 2018

Walton launches new affordable gaming smartphone

March 10, 2022

bKash users can now Send Money to non-bKash...

July 2, 2020

SML Appointed SANTAK UPS distributor

November 12, 2018

What can be done with a 6000 mAh...

July 2, 2024

Ramadan Dhamaka Offer on realme C33 and narzo...

March 21, 2024

OnePlus Nord CE4 Lite 5G now available nationwide

July 7, 2024

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Recent Posts

  • Pepe Jeans Powers up in Jaipur with its Biggest Indian Store Yet

    May 15, 2025
  • Shafayat Alam takes helm as CEO of Nagad

    May 14, 2025
  • Global Investors Witness PriyoShop’s Impact Firsthand

    May 14, 2025
  • Buyers win iPhones by buying products from ‘Beauty Booth’

    May 14, 2025

Popular Posts

  • 1

    Huawei Organizes Campus Recruitment at BUET

  • 2

    Buyers win iPhones by buying products from ‘Beauty Booth’

  • 3

    Global Investors Witness PriyoShop’s Impact Firsthand

  • 4

    Infinix Showcases AI-Driven Next-Gen Customization at MWC 2025

  • 5

    TECNO unveils AI ecosystem products at MWC Barcelona 2025

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018

Mobiles

  • realme launches C75x: The ultra-waterproof smartphone under Tk 18,000 in Bangladesh

  • TECNO launches CAMON 40 Series with FlashSnap & IP68 & IP69 Waterproof technology

  • Infinix leading another lifestyle with Note 50 series

  • Stylish HONOR X8c to hit Bangladesh market soon with 512GB Massive Storage

  • vivo V50 Lite Launches in Bangladesh with Tahsan at Grand Event

Popular Posts

  • 1

    Prime Bank & bKash Enter into Payroll Agreement

  • 2

    Shafayat Alam takes helm as CEO of Nagad

  • 3

    Prime Bank PLC. Partners with Toyota-Navana Limited

  • 4

    tap brings payment facilities at Cantonment CSD

  • Nagad app and its Digital KYC launched Whats benefit?  


Tech and Teen is proudly powered by WordPress