The \textit{facility location} problem consists of a set of \textit{facilities} $\mathcal{F}$, a set of \textit{clients} $\mathcal{C}$, an \textit{opening cost} $f_i$ associated with each facility $x_i$, and a \textit{connection cost} $D(x_i,y_j)$ between each facility $x_i$ and client $y_j$. The goal is to find a subset of facilities to \textit{open}, and to connect each client to an open facility, so as to minimize the total facility opening costs plus connection costs. This paper presents the first expected-sub-logarithmic-round distributed O(1)-approximation algorithm in the $\mathcal{CONGEST}$ model for the \textit{metric} facility location problem on the complete bipartite network with parts $\mathcal{F}$ and $\mathcal{C}$. Our algorithm has an expected running time of $O((\log \log n)^3)$ rounds, where $n = |\mathcal{F}| + |\mathcal{C}|$. This result can be viewed as a continuation of our recent work (ICALP 2012) in which we presented the first sub-logarithmic-round distributed O(1)-approximation algorithm for metric facility location on a \textit{clique} network. The bipartite setting presents several new challenges not present in the problem on a clique network. We present two new techniques to overcome these challenges. (i) In order to deal with the problem of not being able to choose appropriate probabilities (due to lack of adequate knowledge), we design an algorithm that performs a random walk over a probability space and analyze the progress our algorithm makes as the random walk proceeds. (ii) In order to deal with a problem of quickly disseminating a collection of messages, possibly containing many duplicates, over the bipartite network, we design a probabilistic hashing scheme that delivers all of the messages in expected-$O(\log \log n)$ rounds.