IDCOL has financed BDT 300 million to Banglalion Communications Limited (BCL) under the syndicated term loan facility of BDT 2,010 million for setting up and operating of a wireless broadband network to provide nationwide Broadband Wireless Access (BWA). BCL is one of the two BWA Services License holders allowing it to introduce the Worldwide Interoperability for Microwave Access (WiMAX) telecommunications technology in Bangladesh. AB Bank Limited, the lead arranger of the proposed syndicated debt facility, has already approved BDT 350 million term loan for the Project. Other participants of this syndication are Mercantile Bank Limited, United Commercial Bank Limited, Standard Bank Limited,Bangladesh Commerce Bank Limited, Agrani Bank Limited, Janata Bank Limited, Sonali Bank Limited, Bank Asia Limited, IFIC Bank Limited, Social Islami Bank Ltd and SABINCO.