Lars P Reichelt, chief executive officer and managing director of Banglalink, and Osman Morad, chief executive officer of Standard Chartered Bank, signed the deal on behalf of their companies.

The agreement will enable Banglalink to avail working capital facility including import and post import finance of telecommunication equipment and fund collection, says a press release.

Ezzeldin Heikal, chief finance officer of Banglalink, Mahfuzur Rahman, acting head (Client Relationship), and Faisal Rahman, head (Multinational Corporates) of Standard Chartered, among others, were present.