Their Tk 1 billion merger, the first for mobile phone operators in Bangladesh, came into effect on Wednesday, Robi said in a media statement. “The combined entity will operate under the brand name of Robi Axiata Limited and will serve approximately 32.2 million subscribers.”‘Airtel’ will remain as an independent product brand of Robi Axiata, it added. Robi is the second largest mobile phone operator in the country after Grameenphone which has a subscription base of more than 56 million. “The merger strengthens the long-term sustainability of the Bangladesh telecoms landscape and business environment...” said Mahtab Uddin Ahmed, Robi’s Managing Director and CEO. Then on Jul 13, a meeting at the finance ministry fixed Tk 1 billion as the fee for the amalgamation.

Source: bd News24 November 16, 2016 14:20 UTC