Robi asked to submit merger completion report by Dec 26

Staff Correspondent | Published: 23:29, Dec 20,2016

 
 

A man comes out a customer service centre of mobile operator Robi in Dhaka on Saturday. The Bangladesh Telecommunication Regulatory Commission has asked mobile phone company Robi to submit a completion report of its merger with another operator Airtel by December 26. — New Age photo

The Bangladesh Telecommunication Regulatory Commission has asked mobile phone company Robi to submit a completion report of its merger with another operator Airtel by December 26.
As per merger condition given by the BTRC, Robi is supposed to submit the report to the regulator, officials concerned said.
They said that the commission had already sent a letter on December 15 asking Robi to submit the report within 10 days.
‘After getting the report we will analyse it and if everything is found alright, then we will issue the merger order to Robi,’ a senior BTRC official told New Age.
He said with this the merger process would come to an end.
The BTRC has recently warned Robi as the operator was terminating calls with Airtel bypassing the ICX, making the calls between the operators as single network calls.
As the operator is yet to receive merger order from the BTRC such practice is not acceptable, BTRC officials said.
Robi officials, however, said it had received merger clearance from the court and the Office of the Registrar of Joint Stock Companies and Firms and as per company law the merger had already happened.
Malaysia-based Robi and India-based 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 Tk 607 crore where Tk 100 crore is merger fee and Tk 507 crore is spectrum adjustment price.
Robi on November 20 paid the BTRC Tk 318 crore in partial fees and charges for the merger with Airtel.
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.

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