Airtel Bangladesh merger complete

Bharti Airtel has announced completion of the merger of its subsidiary Airtel Bangladesh with Robi Axiata, a unit of Axiata Group.  

The merger was completed, following the fulfilment of the condition precedent to the agreement and filing of the merger order with the Registrar of Joint Stock Companies and Firms of Bangladesh Court today.

Post the merger, Axiata will hold 68.7-per cent stake in the combined entity, while Airtel will hold 25 per cent. The remaining 6.3-per cent stake will be held by NTT DoCoMo.

The combined entity will be the second-largest mobile operator in Bangladesh with approximately 32.2 million customers and will operate under the Robi Axiata brand. It is well positioned to deliver an unparalleled portfolio of innovative mobile and broadband offerings at affordable rates with deep network coverage.

The joint strengths of Robi and Airtel set the stage for the company to deliver the widest mobile network coverage across Bangladesh, enhancing its stronghold in the mobile internet segment as well as consolidating its position as the second-largest operator in the country.