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CDB provides $100 million buyer’s credit to Axiata (Bangladesh) Ltd. to facilitate the purchase of Huawei equipment
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Robi Axiata Limited (formerly Axiata (Bangladesh) Limited) |
| Country | Bangladesh |
| Start Date | Jun 14, 2010 |
| End Date | Feb 10, 2028 |
| Duration | 6,450 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 34308 |
Grant Description
CDB provides $100 million buyer’s credit to Axiata (Bangladesh) Ltd. to facilitate the purchase of Huawei equipment In June 2010, Axiata (Bangladesh) Ltd, a telecommunication company (operating in Bangladesh under the brand name Robi), signed an MoU with China Development Bank and Huawei Technologies (Bangladesh) Ltd., to expand its telecom network across the country.
CDB agreed in principle lend $100 million to Robi, who would in turn would use the loan proceeds to purchase equipment from Huawei. Later in 2010 Axiata (Bangladesh) Ltd finalized a $100 million buyer’s credit agreement with China Development Bank. The terms of the buyer’s credit agreement are unknown.
The current status of the project is unknown.
Sources & References
- $100m in telecom loans for Bangladesh
- CDB to finance 100 mln USD of telecom network construction in Bangladesh
- Robi to get $100m loan from CDB
- Robi gets $100mln from CDB
- Axiata and Huawei sign global framework agreement
- 国家开发银行提供１亿美元贷款支持孟加拉国电信网络建设
- 国家开发银行提供１亿美元贷款支持孟加拉国电信网络建设
- 国家开发银行提供1亿美元贷款支持孟加拉国电信网络建设
- 国开行提供1亿美元贷款支持孟加拉电信网络建设, $100m in telecom loans for Bangladesh
- Bangladesh Telecoms Sector Challenges and Opportunities
- Syed Abu Toha LinkedIn Profile Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Robi Axiata Limited (formerly Axiata (Bangladesh) Limited)
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