First News
Volume:8, Number:05
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Robi Gets New Company License after Merger

| Ava Tahsin |

Bangladesh Telecommunication Regulatory Commission (BTRC) has handed over the merger license to Robi Axiata Limited. BTRC chairman Dr Shahjahan Mahmood formally handed over the license to Robi’s managing director and CEO, Mahtab Uddin Ahmed, at an event held in the capital on July 29. State minister for Posts and Telecommunications Division, Tarana Halim, was also present. Earlier on July 19, Robi received the “Order of Merger of License” from the BTRC for its merger with Airtel - a move that paved the way for the creation of the country's second largest mobile operator. The merged entity, to be known as Robi Axiata Ltd, will serve 38.7 million customers, giving it a market share of 28.7 percent. In the merged entity, Malaysia-based Axiata, the parent company of Robi, holds a 68.7 percent controlling stake, while India's Bharti Airtel has 25 percent share and Axiata's old partner NTT DOCOMO of Japan 6.3 percent share.

Congratulating Robi on the completion of the biggest merger in the country to date, Tarana Halim, said, “The transparency in process ing this merger has in the true sense exemplified the good governance practiced by this government.” Mahtab Uddin Ahmed said: “Robi’s vision is to become the Next Generation Digital Company. Having successfully merged with Airtel, we believe, we are well on our way to achieve this vision. As a customercentric company, we are thrilled with the opportunity to serve the Airtel as well as Robi subscribers on our network.”

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