This facility bridges the syndicated financing package that Banglalink recently awarded Standard Chartered Bank and KfW of Germany for jointly arranging USD 325 million in local and foreign currencies.

Banglalink is continuing its network expansion programmes across the country.

Osman Morad, chief executive officer of Standard Chartered Bank and Rashid Naseer Khan, chief executive officer of Banglalink signed the agreement on behalf of their respective organisations.

Ahmed A Shah, head of Client Relationships of the bank and Ezzeldin M Heikal, chief financial officer of Banglalink, were present among other senior officials.