Robi-Airtel merger deadline extended by a month

10 Nov 2016

The Bangladesh High Court has issued a four-week extension to cellcos Robi Axiata and Airtel Bangladesh for registering their amalgamation scheme with the Registry of Joint Stock Companies (RJSC), reports the Economic Times. ‘Robi has today received the extension from the High Court for registration of the Scheme with RJSC of four weeks from 9 November 2016,’ Bharti Airtel said in a filing to the Bangladesh stock exchange. The agreed merger under the Robi name has already received all necessary regulatory, legal and shareholder permissions, and will create a new second-placed mobile challenger to market leader GrameenPhone, leapfrogging Banglalink in terms of user numbers.

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

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