Robi signs $100m deal with Chinese bank
China Development Bank (CDB), the largest bank for international investment and financing in China, yesterday signed a $100 million deal with Bangladesh's third largest mobile operator Robi and Chinese vendor Huawei.
WU Xinxing, chairman of CDB, Motiul Islam Nawshad, head of human resource and corporate affairs of Robi, and Tony Zhang Hui, CEO of Huawei, signed the deal at Sonargaon Hotel in Dhaka.
Under the terms of a memorandum of understanding, Robi will purchase telecom equipment from Huawei to expand its network and improve mobile services, says a press release.
CDB has already provided loans worth $260 million to telecom operators in Bangladesh.
The deal will strengthen economic and financial cooperation between the two countries, and promote significant development of infrastructure in Bangladesh.
Government officials from both China and Bangladesh were also present.
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