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| Press Release |
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Ufone gets Rs.4.5bn loan
ISLAMABAD: APRIL 13, 2008 - Embarking on an aggressive rollout plan in Pakistan, Ufone signed a PKR 4.5 billion Syndicated Term Loan Facility here at one of the leading hotels. The facility was jointly advised and arranged by National Bank of Pakistan (NBP) and Habib Bank Limited (HBL).
The banking sector has yet again shown confidence in one of Pakistan’s leading telecom company and offered support to further expand its network, both in terms of capacity and coverage, in existing and new cities. Signatories of the agreement were Mr. Abdul Aziz, President & CEO Ufone, Mr. Ali Raza, Chairman & President NBP and Mr. Zakir Mahmood, President & CEO HBL.
Also present at the ceremony were Ms. Sima Kamil, Group Executive Corporate Banking Group HBL, Mr. Masood Karim, Group Chief Corporate and Investment Banking Group NBP, Mr. Nadeem Khan, CFO Ufone and Mr. Ehtashamullah Khan GM Treasury Ufone.
Ufone is an Etisalat Group Company with the second largest cellular operator base in Pakistan with more than 16m customers.
Ufone services are spread across all the major cities, towns, villages and tehsil head quarters in Pakistan. The company employs more than 2200 people and operates with a network of more than 365 franchises and 25 company-owned customer service centers along with a distribution network of 150,000 outlets nationwide.
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