Robi gets term loan to expand network
Robi Axiata has signed an agreement with Dutch-Bangla Bank Limited for Tk 400 crore term loan for three years.
The listed multinational telecom company made the disclosure in a posting on the website of the Dhaka Stock Exchange (DSE) today.
Robi said it did not pledge any asset as security and did not create any charge with RJSC in relation to this loan agreement.
A top official of Robi confirmed that the fund would be utilised to expand its network connection.
Stocks of Robi Axiata rose 9.97 per cent at the DSE today.