Dhaka TribuneOperator takes a $95m loan from IFC for the endRobi, it seems, is serious after ramping up its network next year. Robi had previously taken a similar loan -- of $99 million -- from IFC in 2015, which has come to a close, Alam added. Last month, the operator posted a 77.2 per cent slump in profit between July and September from a year earlier. Its main competitor Grameenphone posted a 22.4 per cent profit growth for the quarter. Last week, Robi held the lottery draw for allocation of its IPO among general investors.

Source: Dhaka Tribune December 17, 2020 18:33 UTC