Pacific Bangladesh Telecom Limited is poised to expand its network by building the company’s continuous coverage between Dhaka and Chittagong for its subscribers, says a press release.

The microwave link will let the Citycell Digital customers use the company's own exchange for calls between Dhaka and Chittagong besides bringing the entire Dhaka-Chittagong highway along with the towns of Comilla. Chandina. Feni. Mirarsaral. JorargonJ. Kumira etc under CDMA coverage.

Having signed a turnkey contract with Fujitsu Limited of Japan for the microwave equipment and with Motorola for the base station equipment, the project is expected to be implemented within the next few months.

The corporate Finance Unit of ANZ Grindlays Bank was appointed as the arranger and advisor for the fund-raising programme.

ANZ Grindlays Bank is also the agent bank in the term debt syndication.

Amounting to Tk 100 million. this loan is an extension to the Tk 485 million loan arranged for Pacific Bangladesh Telecom's launching of the CDMA technology earlier this year.

Arranged by ANZ Grindlays Bank, the other banks participating in this syndication are UCBL. Prime Bank Limited. h°DC of Bangladesh, NCCBL an d The City Bank Ltd. Southeast Bank Limited holds the status of co-arranger' in the consortium.

A signing ceremony was held recently and attended by M Morshed Khan. Chairman of Pacific Bangladesh Telecom Ltd. Muham:mad A AU. General Manager ano' Country Head of ANZ Grindlays Bank, Syed Anisul Huq. president and Managing Director of Southeast Bank Ltd. Kazi Mahmood Sattar. Head of Corporate Financial Services of ANZ -Grindlays Bank. Shah Md Nurul Alam. Deputy Managing Director of Southeast Bank Ltd and Acghar Karim. Vice Chairman of Pacific Bangladesh Telecom Ltd.