United Bank Limited has extended a Rs. 25 billion bilateral financing facility to Telenor Pakistan, the telco’s first locally secured borrowing since it began operations in the country.
The financing agreement was signed at Telenor’s Islamabad headquarters by the company’s Chief Financial Officer, Andreas Högberg, and UBL’s Group Executive for Corporate & Investment Banking, Nadia Tabassum.
The facility is aimed at supporting Telenor Pakistan’s local financing needs. Högberg thanked UBL for executing the transaction in record time.
Tabassum said telecom infrastructure remains central to economic growth and social connectivity.
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Imagine a ceremony for giving a loan 😆 🤣 😂 😹
And why give loan if the company is going for a merger ?
This is why interest rates should be high
This is why businesses want to decrease interest rates. They want to borrow more and not pay taxes.
Just look at this , why would Telenor require bank loans when it’s going to merge with ufone ?
The loan will now be on the new company and they will pay less taxes.
This is why FBR targets are never met.
Buht acha hy
Loon
Lekin Telenor tu pak sy business khatam kr rhi hy , Telenor ne loans Q liya hy