The first ever merger in Bangladesh’s telecommunication sector has come into effect with the beginning of commercial operation of Robi as a single entity yesterday. Following the amalgamation of Robi and Airtel, the merger will be known as Robi Axiata Limited. As the country’s largest merger, Axiata now holds 68.7% controlling stake in the combined entity while Bharti, parent company of Airtel, holds 25%. The combined entity will operate under the brand name of Robi Axiata Limited and will serve approximately 32.2 million subscribers. On January 29, Robi and Airtel signed a merger agreement in Kuala Lumpur to venture into a joint business operation in Bangladesh.

Source: Dhaka Tribune November 16, 2016 19:41 UTC