Teletalk to take LG’s billion-dollar loan

The government has decided to take a billion-dollar loan from Korean company LG U+ for expanding Teletalk’s network coverage and making the state-run operator’s infrastructure 5G compatible. The Korean company has offered $1.2 billion as loan last year and the proposal was placed before Prime Minister’s ICT Affairs Adviser Sajeeb Wazed Joy in a meeting recently, where he gave the green signal, according to officials working on the matter.