Bharti Airtel has completed the merger of its subsidiary Airtel Bangladesh (Airtel) with Robi Axiata, a unit of Axiata Group Berhad (Axiata). The merger was completed following the fulfillment of the condition precedents to the agreement and filing of the merger order with the Registrar of Joint Stock Companies and firms of Bangladesh Court.
Post the merger, Axiata will hold 68.7% stake in the combined entity, while Airtel will hold 25%. The remaining 6.3% 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.
Bharti Airtel is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 5 mobile service providers globally in terms of subscribers.
