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Overview

CDB provides $100 million buyer’s credit to Axiata (Bangladesh) Ltd. to facilitate the purchase of Huawei equipment

Commitments (Constant USD, 2023)$128,613,847
Commitment Year•2010Country of Activity•BangladeshDirect Recipient Country of Incorporation•BangladeshSector•CommunicationsFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jun 14, 2010

Geospatial footprint

Map overview

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This project signed an MoU with China Development Bank and Huawei Technologies (Bangladesh) Ltd., to expand its telecom network across the country. The Bangladesh corporate office for Huawei Technologies Ltd. is located at GA-18/2, Gulshan, S Badda Rd, Dhaka 1212, Bangladesh. More detailed locational information can be found at https://www.openstreetmap.org/way/780270755.

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned Policy Banks

  • China Development Bank (CDB)

Receiving agencies

Joint Venture/Special Purpose Vehicles

  • Robi Axiata Limited (formerly Axiata (Bangladesh) Limited)

Implementing agencies

Government Agencies

  • Government of Bangladesh

Private Sector

  • Huawei Technologies Co., Ltd.

Loan desecription

CDB provides $100 million buyer’s credit to Axiata (Bangladesh) Ltd. to facilitate the purchase of Huawei equipment

Interest type•Unknown

Narrative

Full Description

Project narrative

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.