Robi-Airtel merger gains final regulatory clearance

24 Oct 2016

The Bangladesh Telecommunication Regulatory Commission (BTRC) has given its final approval for the merger of mobile network operators Robi Axiata and Airtel Bangladesh, with BTRC Chairman Shahjahan Mahmood saying that the consolidation would bring a positive change for the industry, the Dhaka Tribune reported. The merger deal, which was signed in January and received court approval at the end of August, is expected to be completed by the end of the year, leapfrogging rival Banglalink to form a new second-placed mobile challenger to GrameenPhone under the Robi brand. Malaysia’s Axiata will control 68.3% of the new company, whilst India’s Bharti Airtel will own 25% and existing Robi Axiata stakeholder NTT DOCOMO will take the 6.7% remainder.

Bangladesh , Airtel Bangladesh, Axiata, Bharti Airtel, Robi Axiata

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