Robi, Airtel merged

Staff Correspondent | Published: 23:25, Nov 16,2016

 
 

More than one year after the announcement, mobile phone operators Robi and Airtel have merged with the name of Robi Axiata Limited, said Robi on Wednesday.
Airtel will remain as an independent product brand of Robi Axiata, said a Robi press release issued on the day.
Following the country’s first merger of mobile operators Malaysia-based Axiata now holds 68.7 per cent controlling stake in the combined entity, while India-based Bharti holds 25 per cent and the remaining 6.3 per cent is held by NTT DOCOMO of Japan.
‘We are pleased to have reached the completion phase of the merger with Airtel. We are grateful and offer our utmost appreciation for the support of several parties, particularly our shareholders, Ministry of Posts and Telecommunications, Bangladesh Telecommunication Regulatory Commission, as well as Robi and Airtel consumers, all of whom made this merger possible,’ said Robi chief executive officer Mahtab Uddin Ahmed.
‘The merger strengthens the long-term sustainability of the Bangladesh telecoms landscape and business environment, and will secure faster nationwide rollout of mobile broadband as well as contribute significantly to the overall economy of the country,’ he said.
‘Our work now as a combined entity will be focused towards providing our 32.2 million subscribers an unparalleled portfolio of innovative mobile and broadband offerings at affordable rates,’ Mahtab added.
Robi and Airtel, the third and fourth largest mobile operators in the country, in September 2015 announced that their Bangladesh operations would go for merger and they subsequently signed an agreement on January 29 in this connection.
The High Court on August 31 approved the Robi-Airtel merger with fees and spectrum adjustment charges worth Tk 607 crore as finalised by the government.
The BTRC in a letter sent to Robi on October 26 said that all fees related to the merger would have to be paid within 30 days of issuances of the letter.
The telecom regulator, however, said that if the company failed to pay the entire amount within the stipulated time, then there would be an option to pay in three instalments but with 15 per cent late fee.
In that case, Robi has to pay 49 per cent of the fees within 15 days of the issuance of the letter as first instalment, said the BTRC letter.
The next instalment of 29 per cent will have to be paid in next one year and another 22 per cent in the following year.

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