The company bench of the High Court yesterday passed judgement on the merger proposal. “The completion of the merger is subject to the fulfillment of specific conditions mandated by the High Court and completion of conditions precedent as defined in the merger agreement,” Barrister Mahsib said. Robi will have to pay the government Tk507 crore as spectrum fee and Tk100 crore as merger fee. Apart from the merger fee, the telecom division has also fixed Tk33.8 crore for per megahertz 2G spectrum fee, a BTRC official said. An inter-ministerial meeting chaired by Finance Minister AMA Muhith finalised the merger fee and spectrum prices on July 13.

Source: Dhaka Tribune August 31, 2016 20:03 UTC