Dhaka, Bangladesh (BBN)- Corporate entities, particularly mobile phone operators, are now showing interest in collecting loans from the local market along with overseas one, according to senior bankers.
Under the existing provisions, only listed telecom operators are allowed to receive term loans from the local market while non-listed telecom operators are eligible only for short-term loans from local banks and financial institutions.
Short-term loan means the loans will be adjusted within a year.
“We’re now taking preparations to participate in a syndication loan worth Tk 8.0 billion for Grameenphone (GP),” a senior official of a leading private commercial bank said, adding that 12 PCBs were to participate in the syndication loan under a leading foreign commercial bank’s leadership.
At least four telecom operators needed funds to procure capital machinery for introducing third generation (3G) mobile broadband services across the country shortly, the private banker added.
BBN/SSR/AD-19Sept13-12:22 pm (BST)