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Robi takes loan of $55M from Parent company

Industry: Telecom
Company: Robi
Company Intelligence Tag: Business Insights

Robi Axiata Limited, the third-largest mobile operator in Bangladesh, has obtained a $55 million loan from its parent company, Axiata Group. The decision was approved by Robi’s board and has a three-year tenure.

Notably, Robi has clarified that it did not provide any assets as collateral or create any charges with the Registrar of Joint Stock Companies and Firms (RJSC) in relation to the loan agreement. This loan from Axiata Group will provide financial support to Robi as it continues its operations and endeavors in the mobile telecommunications sector.

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